Why is BTC going up?

Last Friday I attended the Blockchain & Bitcoin Conference here in Prague Czech Republic, and met Kazko from Japan, who explained to me the reason for the sudden rise in bitcoin.

It is due mainly because the Japanese government is investing large sums of money into the bitcoin blockchain since last April.

This got me thinking that Japan is truly a big player to watch for trends in this new era of the distributed economy.

After all, it was Satoshi Nakamoto in 2008 that started the first & longest blockchain. Then we had the Mt. Gox bankruptcy in 2014 that was a bitcoin exchange based in Tokyo, Japan where around 850,000 bitcoins belonging to customers and the company were missing and likely stolen.

More on this later.
Ben