Japanese housewives might be among the best traders in crypto
In the early 2000s, before the creation of Bitcoin, a mommy blogger-type community of Japan ese housewives met via the internet and helped one another master a skill that would set them up to become some of bitcoin’s earliest and most successful traders . It is not a coincidence that Mt. Gox, Bitflyer, CoinCheck, Zaif, and Liquid (previously Quoinex and Qryptos) — crypto exchanges founded in Japan over a decade ago — once ranked among the most voluminous crypto exchanges. Japanese conglomerates SBI and Rakuten also rank among crypto’s most prolific investors, funding some of the earliest rounds of Ripple, Bitcoin miners, and an assortment of crypto’s oldest companies. Japan’s Mrs. Jones Most people have never heard of ‘Mrs. Watanabe’ — not a woman’s name but a nickname for a group of people. The term evokes a stereotypical Japanese housewife who has profitably traded foreign exchange (FX) while her husband works and can be likened to ‘Mrs. Jone...