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After surpassing $ 50,000 on the 16th, it dropped to $ 47,000.
Going up again on 17 .. Paul CIO “We will see a bigger market”
On the 16th (local time) for the first time in history, Bitcoin, which broke the wall of $ 50,000 each and then crashed, surpassed $ 50,000 again in one day.
On the 17th (local time) on the American cryptocurrency exchange Coinbase, bitcoin is trading at 1:30 am (3:30 pm Korean time) and exceeds $ 50,000 and is trading in the range of $ 5,100. The price of Bitcoin fell to the $ 47,000 level after hitting an all-time high the previous day, creating a bubble controversy.
The price of Bitcoin was only $ 4,000 each in March last year, when the new coronavirus infection (Corona 19) spread. After breaking the $ 20,000 wall for the first time in December of last year, it surpassed $ 30,000 in the new year. This month, it topped $ 40,000 and $ 50,000 in succession.
Bitcoin is known to have been created in October 2008 by a person named Sakashi Nakamoto (pseudonym). Up to 21 million can be mined. Currently, the volume of distribution is approximately 88% of the total.
The vertical rise in cryptocurrency prices is due to the growing prospect that it will play a role as a ‘financial asset’ in earnest. Traditional finance companies such as Mass Mutual BNY Melon Fidelity have announced their share of the crypto market one after another. The intention is to concern the related market. In Canada, a Bitcoin-based exchange-traded fund (ETF) was the first in the world to be approved by financial authorities.
In an interview on CNBC on the 14th, Daniel Pinto, co-president of the largest financial company in the United States, said: “The demand for bitcoins will increase to the point that the big financial companies on Wall Street must intervene.” do.”
Elon Musk, CEO of Tesla, who has a great voice in the stock market, made several comments in support of the cryptocurrency, which also helped lift the atmosphere of the market. Previously, Tesla announced that it had bought $ 1.5 billion worth of Bitcoin last month. Twitter CEO Jack Dorothy also announced that he would donate bitcoin to a cryptocurrency development fund.
There is also an analysis that the US government has increased interest in cryptocurrencies that may prevent (hedge) a decline in the value of the dollar as the US government pushes a stimulus plan economic value of $ 1.9 trillion.
Block Tower Capital chief investment officer Ari Paul said on Twitter recently: “We may have some adjustments, but we will see a much bigger increase than before.”
New York = Correspondent Jae-gil Cho [email protected]
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