Bitcoin, which is the best in the’Tesla effect’, is also’buzzling’

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In the news of electric car maker Tesla’s bitcoin investment, domestic bitcoin related stocks surged. This is because the price of bitcoin soared when Tesla announced that it bought bitcoin for 1.7 trillion won and recognized it as a payment method.

According to the Korea Exchange on the 9th, Wizit closed at an upper limit of 29.9% from the previous trading day. Not only Wizit, but also other Bitcoin related stocks soared. Woori Technology Investment closed 14.63% higher than the previous trading day, and Bident (6.41%), SCI evaluation information (1.02%), and SBI Investment (3.02) all closed higher.

The surge in Bitcoin-related stocks is due to the surge in Bitcoin prices. On the 8th (local time), in a report published to the US Securities and Exchange Commission (SEC), Tesla said, “In January of this year, we made an update of our investment policy that will provide more flexibility for further diversification and maximizing cash returns.” 700 billion won) worth of Bitcoin. As of January, 7.7% of Tesla’s operating funds were invested in Bitcoin.

In addition, Tesla said it will be able to purchase its electric cars with bitcoin. Tesla said, “We expect to start accepting bitcoin as a payment method for our products in the near future,” and said that it will accept bitcoin and sell its electric cars.

As a result, the price of bitcoin soared. As of 3:30 p.m. on that day, Bitcoin recorded 49.5 million won per coin. This is a level that has surged more than 20% compared to the previous day. Bitcoin rose to 50.5 million won per coin in the morning of this day, breaking the highest price. Accordingly, it is expected that Bitcoin will show price volatility for the time being.

The financial investment industry also positively evaluated the news related to Tesla and Bitcoin. SK Securities researcher Han Dae-hoon said, “Bitcoin surpassed 4600 dollars with the big news that Tesla bought 1.5 billion dollars worth of bitcoin,” and said, “Tesla and Bitcoin, which are receiving the most attention of investors, met.” In addition, one researcher said, “Although Tesla has not yet revealed its position, it seems that Tesla has in mind the use of bitcoin in the process of expanding into a platform company.” “There is a high possibility of being materialized,” he added.

Park Sang-hyun, a researcher at Hi Investment & Securities, said, “The remarks of Tesla CEO Elon Musk are leading the rise in cryptocurrency prices following GameStop. It can be seen as a fandom economy as a phenomenon in which the so-called fandom leads the market. It can be seen that it is also having a great influence in the financial market,” he explained. Gamestop and Dogecoin prices sharply show the impact of the fandom economy. Researcher Park said, “With the development of various social media, the likelihood that such a fandom economy will exert a stronger influence on the economy and financial markets has increased.” “Of course, the fandom economy has a negative effect that can trigger price distortion, but the digital economy The fandom economy of the era is a new economic and social phenomenon, and companies with strong fandom can receive high praise in the market.