As of 12 p.m., KRW 32.33 million per bitcoin … 280%’surge’ last year alone

Bitcoin, a cryptocurrency leader, is continuing its highest price march, surpassing 32 million won per coin. Bitcoin has surged close to 300% in the past year, and interest is drawing on whether it will continue this year.

According to Upbit, Korea’s most asset exchange, the mood bitcoin at 12 p.m. on the 2nd is exceeding 32.3 million won per coin. Bitcoin surpassed 32 million won per coin for the first time on the morning of the 31st of last month. This is the first time that the price of bitcoin has exceeded 32 million won on a domestic exchange.

Bitcoin surged more than 280% last year. Bitcoin, which was in the range of 8 to 10 million won in January of last year, surpassed 20 million won in three years in November, and continued to rise sharply last month, changing the highest price. The highest price at the time of the Bitcoin bull market three years ago was 28.88 million won, which was recorded in January 2018. Bitcoin also surged rapidly back in 2017, and the investment craze was on the rise. However, since the beginning of 2018, it has rapidly collapsed, and once fell to the 3 million won level.

The rise of virtual currency is due to liquidity. In addition, the news about cryptocurrency payments from PayPal, the world’s largest mobile payment company, also served as a positive factor. In particular, the price surged as institutional investors jumped into the cryptocurrency market, which was centered on individual investors.

The U.S. Securities and Exchange Commission (SEC) approved the Bitcoin futures fund, and the Monetary Authority (OCC) provided guidelines for all U.S. banks to entrust Bitcoin. As a result, JPMorgan began opening a bitcoin account, and KRAKEN, an American cryptocurrency exchange, acquired a bank license. Sometimes it does.

“Bitcoin is limited in supply and the US Federal Reserve is releasing a huge amount of money,” said Scott Minard, CIO of investment firm Guggenheim Investment. I will,” he predicted. It means that it will be 20 times higher than now.

Stock prices predicted that the price of cryptocurrency will continue to be strong due to the preference for risky assets for the time being. Park Hee-chan, a researcher at Mirae Asset Daewoo, explained, “Because cryptocurrencies such as bitcoin have a strong nature of risky assets, it is highly likely to remain strong in the context of economic expectations and aggressive monetary easing as now.”