“There is something in life, Gazua~” Dae-ri Kim is missing bitcoin market price

# Kim Jae-yong (34), who has been working for 8 years, has been unable to sleep at night because of Bitcoin even during the Lunar New Year holidays. This is because he invested 30 million won at the end of last year while watching his acquaintances making a lot of money during the bitcoin craze three years ago. Kim, who is said to wipe out his heart every time the fluctuations and fluctuations are repeated, laughed in vain saying that he is looking at the bitcoin market.

Bitcoin price continues to rise. Bitcoin, which has risen steeply this year, has recently exceeded 50 million won. Investors are screaming joyfully as some are optimistic that Bitcoin can reach 100 million won. However, due to the wide fluctuations and unstable assets, investors who suffered a major crash in 2018 are concerned that this sprint could break for an instant.

In 2017, bitcoin surpassed the then high of $20,000 (about 22 million won), but it plunged to the level of $3,200 (about 3.5 million won) in December of that year as China cracked down on the cryptocurrency business. It was a record low in Bitcoin.

Various opinions such as’I don’t want to lose my daily life’ and’I don’t want to lose my daily life’ and’opportunity to make big money’ are coming out over this second craze.

Park Mo (39), an office worker, said, “The results come out to some extent as much as we studied, but the cryptocurrency rises and falls for no reason.”

He added, “When you invest in cryptocurrency, you will fall into this all day long. The market is not closed and there are no upper and lower limits, making daily life impossible.”

On the contrary, some consider it the’last chance’ to earn big money. As examples of making billions of money come out, some young people say that the last means of’life reversal’ is’Bitcoin, not Lotto’.

Lee Mo (35), who invested in Bitcoin this year, said, “Bitcoin investment is a good place to invest and an opportunity to touch your pocket money as the liquidity market continues due to Corona 19.” “I said.

Experts who look at Bitcoin are also divided. The opinion that cryptocurrency will be incorporated into the mainstream asset market and the opinion that it is a bubble or an illusion are tightly opposed.

“Bitcoin, a digital currency, will be able to replace gold,” said Rick Leader of Black Rock, the world’s largest asset manager, and said in an interview with CNBC that its potential as a value store.

Cryptocurrency’s entry into the system as an actual payment method is also becoming visible. Last October, the online payment platform’PayPal’ announced that it will start trading and payment services for cryptocurrency from this year. As a result, 26 million affiliates will be able to buy goods with Bitcoin or Ethereum.

Elon Musk, Tesla’s CEO, is also a leading Bitcoin supporter. He said at the social media clubhouse on the 1st, “I should have bought bitcoin eight years ago,” and “Bitcoin is good at this point, and I am a bitcoin supporter.” Tesla also bought nearly 1.7 trillion won of Bitcoin. Regarding the experience of the plunge several years ago, he protests that it is different this time. If it was the individual’s’don’t ask investment’ that raised the price of bitcoin in 2017, it is because it is a big hand with institutions that approach portfolio diversification as an inflation hedge asset. As long as the big players buy, there is no sharp drop.

As optimism spreads, pessimism is also gaining strength.

U.S. Treasury Secretary Janet Yellen has also held a negative position, including that cryptocurrencies such as Bitcoin are mainly used in illegal finance. Bitcoin has also turned downward when Yellen is nominated as finance minister. Ray Dalio, who is called a’hedge fund loan’, pointed out that there is a problem with Bitcoin performing exchange methods and value storage functions like currency. It is too volatile to use as a means of storing wealth.

New York University professor Nouriel Rubini warned that “Bitcoin is not a currency, nor is it a reliable means of storing value, so the bubble will eventually break out.” He has expressed negative views on cryptocurrency since the very beginning of the bitcoin launch, and he mentioned several times that even when the price of bitcoin jumped more than four times last year, “the bubble will definitely go out”.

[김승한 매경닷컴 기자 [email protected]]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]