There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending. Every month the household was using up their entire revenue and they couldn’t pay the tuition for their daughters’ private school and high schools. That’s when bitcoin came into their lives.
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“How can we overcome paying our daughters’ schools and the family’s big expenses?” the family asks Mitsuaki Yokoyama, a financial planner. “I started investing in crypto with 100,000 yen around the end of November last year, then the price rose by 2.5 times in just a month. So I got all excited and I invested 1 million yen more, but the price crashed so badly this year, and when I finally woke up from my daydream, I found out I had lost half of all my important savings,” Masao Ikeuchi, a 42-year old company employee living in Tokyo said. With his spouse, Naoko, (a pseudonym), 42, he went to consult a financial planner. As the couple heard a husband’s colleague saying there was a way to make money very easily, they decided to jump into bitcoin. They had a great start, but soon made losses to the point of no return. “What the hell on earth happened?” the couple questioned.
The Ikeuchi family lives in a high-rise tower apartment in the Tokyo Bay area with their two daughters, one attending a second grade junior high school, the other a fifth grade elementary school, and with two cats. They
