More than 64 million won … ‘An apartment in Seoul’ for 20 bitcoins



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It is the terrifying run of Bitcoin. At 2:20 a.m. on the 20th, the bitcoin transaction price of Bithumb, a cryptocurrency exchange, exceeded 64.8 million won. In just 10 hours since midnight on this day, the value of bitcoin has risen by more than 5.5 million won. The rate of increase is 9.45%. Bithumb’s trade drug alone amounted to 419 billion won.

A word from Elon Musk, the CEO of Tesla, an American battery car company, is analyzed to play a major role in Bitcoin’s rally. Musk posted on his Twitter early this morning, saying, “When the real interest rate on money is negative, only fools don’t look at other places like Bitcoin.” He followed up with a hint that “investing in Bitcoin did not directly reflect his opinion,” but revealed his thoughts: “Holding Bitcoin is a less stupid act than holding cash, and Bitcoin is almost like a currency.”

Earlier, Musk responded after hearing that Zhang Fengqiao, CEO of Binance, a cryptocurrency exchange, was curious about the reason for Tesla’s investment in Bitcoin in an interview with Bloomberg Asia. Tesla announced on the 8th that it would buy $ 1.5 billion worth of bitcoins on the US stock market and announced that it would accept bitcoins as a payment method for electric car purchases.

Not only Musk, but also Twitter CEO Jack Doshi decided to create a fund by donating $ 23.6 million in bitcoins with Jay-Z, a famous American rapper on the 12th. Named ‘B Trust’ from the initial letter of Bitcoin, the fund’s goal is to make Bitcoin the currency of the Internet. Additionally, professional Wall Street investors such as Paul Tudor Jones, Mike Novogratz, and Anthony Skaramuch are pouring oil, promising that the price of bitcoin will exceed $ 100,000 by the end of the year.

◆ 20 bitcoins for “1 apartment in Seoul”

For 20 bitcoins, that’s roughly 1.3 billion won in the morning of the day. This is the amount that can be bought for an apartment in Seoul. Of course, the hearts of those who see the rise of Bitcoin cannot be moved. As in the Korean real estate market, you can remember the term “lightning beggar”, which has become relatively poor due to high asset prices.

With so many investors coming, Bitcoin has set another milestone with its market capitalization surpassing a whopping $ 1 trillion. That’s an increase of more than $ 45 million this year alone. According to the US economic outlet CNBC Broadcasting, bitcoin on this day easily surpassed $ 54,000 and reached the level of $ 55,000 on the afternoon of the 19th in local US time. At 5:26 am on the 20th in Korean time, Bitcoin costs $ 5.4972.

The total share price of $ 1 trillion is well beyond Tesla ($ 700 billion). If the current increase continues, even Apple, which exceeds $ 2 trillion, could be threatened.

Of course, there is also “skepticism”.

Warren Buffett, known as an “investment guru”, or Bill Gates, founder of Microsoft (MS), who has a high level of knowledge in the field of science and technology, is not compatible with Bitcoin. So-called officials, such as US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell, have negative views on Bitcoin.

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