In the real world, almost no one around talks about cryptocurrency. Everyone already knows the words “cryptocurrency” and “Bitcoin.” However, when it comes to the word “Ethereum,” almost no one knows it. Therefore, there’s almost no one around who knows about the Bitcoin halving cycle or the talk of a possible upcoming bull run. I think the level of awareness is still low.
However, in the web world, such as on X (formerly Twitter), there’s a lot of buzz about cryptocurrency. It seems that veterans with 5-10 years of investment experience are gaining popularity. The topic of Airdrops has settled down for now, and there seems to be a lot of anticipation for the next bull run. Even for Japanese people, the results of the US employment statistics and the FOMC are important events that are closely watched.
One of the reasons why many people in Japan are not interested in cryptocurrency is that Japan has a relatively large population of middle-aged and elderly people. There are few young people with high internet literacy, and even if there are, there is little communication across generations, so it doesn’t spread to the majority.
Furthermore, even if people are interested in cryptocurrency itself, many feel that the hurdles to participate are high. These hurdles include opening an exchange account, researching specific cryptocurrencies, and creating surplus funds to purchase cryptocurrency. Also, particularly important is the high tax on cryptocurrency in Japan. In an environment where up to 55% of profits can be taxed, few people feel like they want to start.
submitted by /u/Lor1al
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