Yellen’s US finance “Bitcoin speculative asset”… Musk in a word
[앵커]
Recently, the cryptocurrency market has been overheating.
At the center is Tesla CEO Elon Musk.
In the midst of this, the head of the US economy warned against the speculation fever.
This is Kim Hyo-seop PD.
[리포터]
Finance Minister Janet Yellen, head of the U.S. economy, set a day of criticism at an event hosted by The New York Times, saying he did not think Bitcoin would be widely used as a trading mechanism.
Secretary Yellen pointed out that Bitcoin is an extremely inefficient means to conduct transactions, and that the amount of energy consumed in the transaction process is too large.
This is because in order to mine bitcoin, you have to solve complex mathematical equations using a computer. In fact, it is known that the power consumption used to mine bitcoin is similar to the annual consumption in New Zealand.
Secretary Yellen was concerned about the potential losses investors could suffer as Bitcoin is extremely volatile.
The market fluctuates at Tesla CEO Elon Musk.
In fact, earlier this month Musk publicly identified himself as a bitcoin supporter, triggering the rally by revealing Tesla’s purchase of bitcoin.
However, only a few days later, when Musk responded through social media that the price of Bitcoin and Ethereum seemed to be high, it also showed a sharp decline.
“It seems that investors are excited about the idea that Tesla will be involved in Bitcoin.”
Apparently concerned about the side effects of the excessive speculation craze, Yellon stressed that the Fed’s own digital dollar being prepared could be a faster, safer and cheaper payment method.
This is Yonhap News TV Kim Hyo-seop.
Yonhap News TV article inquiries and reports: katok/line jebo23
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