#Bitcoin passes ¥6,046 overnight #Japan

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Regardless of the walls being set on the sell side of Bitcoin, the reality is that the supply is declining, and the demand is increasing. Everyone know what happens when demand exceeds supply in a free market: prices go up. Bitcoin is the perfect example of this market force at work. Take a look at the spreads on these charts:

screen-shot-2016-12-21-at-8-15-11-pm

Both the Japan and Chinese markets continue to be the top drivers in price gains, with some markets pushing above the $855 USD price point, or over ¥6,046 Chinese Yuan.

screen-shot-2016-12-21-at-8-18-49-pm

http://coinmarketcap.com/currencies/bitcoin/

http://coinmarketcap.com/currencies/bitcoin/#JPY — Or, over 100,000 Yen per Bitcoin. Wow!

Next stop anyone?

screen-shot-2016-12-21-at-8-15-11-pm

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