[코인리더스] Elon Musk “Bitcoin price looks high” vs Novograz “BTC enters a sustainable bull market”

▲ Source: Elon Musk Twitter © Coin Leaders

On the 20th (Korean time), the No.1 cryptocurrency (virtual asset) Bitcoin (BTC) hit an all-time high of 56,500 dollars during the intraday, and finally reached a market cap of 1 trillion dollars.

As of 8:05 pm on the same day, the bitcoin (BTC) price at CoinMarket Cap is recording about $55,840, up 6.03% from 24 hours ago. It has a market capitalization of $1.33 trillion.

As Bitcoin continues the rally to the new high point, Tesla CEO Elon Musk said via Twitter that “Bitcoin (BTC) and Ethereum (ETH) prices seem high.”

That said, BTC & ETH do seem high lol

— Elon Musk (@elonmusk) February 20, 2021

According to Bitstamp, Ethereum recorded a record high of $2,041 on this day. Ether (ETH) prices have risen more than 170% this year.

In addition, Eric Rosengren, president of the Federal Reserve Bank of Boston, USA (Yeon Eun), said in a recent interview with The New York Times, “It is personally amazing that Bitcoin continues to thrive.” “The price will be under downward pressure.”

On the other hand, Mike Novogratz, founder of Galaxy Digital, a US cryptocurrency investor, diagnosed that “cryptocurrency has entered an institutionalized trajectory and has entered a sustainable bull market.”

According to Bloomberg News, Novograz said, “This week, North America’s first Bitcoin ETF (traded index fund) started trading on the Toronto Stock Exchange. The next batter will be the US mainland. Major global companies such as Tesla and MicroStrategy are Bitcoin Bits Coins are being bought, which are garnering major media headlines in the world day after day, all of which reflects Bitcoin is reshaping its new financial system as a means of storing value, and the cryptocurrency market has entered a’sustainable’ bull market. “There is no doubt about this.”