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| Cryptocurrency Bitcoin. © Reuters = News 1 |
Bitcoin, the leading cryptocurrency (virtual currency), has surpassed 50,000 dollars (about 55 million won) for the first time in history. Bitcoin has even surpassed the $50,000, which was considered a psychological resistance line, and attention is focused on how long the rapid rise will continue.
◇ Bitcoin surpassed $50,000 for the first time in history: Bitcoin, which had stopped at around $50,000 despite the surge, eventually broke the $50,000 resistance line on the 16th.
According to CoinMarketCap, which broadcasts the cryptocurrency (virtual currency) market, as of 9:35 pm on the 16th (Korean time), Bitcoin is recording $53,347.69, up 5.14% from 24 hours ago. This is an all-time high, which has surged about 70% this year.
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| ©AFP=News1 |
◇ JP Morgan “going $140,000 in Bitcoin”: JPMorgan Chase, a large US bank, predicts that Bitcoin has the potential to ultimately reach $146,000 (about 160 million won).
JPMorgan explained that “the demand for alternative currencies can be pulled out of gold, which could boost bitcoin significantly in the long run.”
JPMorgan analyzed that when the bitcoin price stayed at the $30,000 mark in early January, “the price of bitcoin could rise up to $50,000 in the near future.” It is noteworthy whether the forecast will be met and the prospect of exceeding $140,000 will come true.
Bloomberg News also predicts that the price of bitcoin will exceed $100,000. Bloomberg said that as institutional investors enter the market one after another, the surge in bitcoin will continue.
“Bitcoin volatility will continue, but bitcoin prices are forming the next notice,” said Mike McGlow, product strategist at Bloomberg Intelligence, an agency affiliated with Bloomberg News. “This is big.”
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| Bitcoin © Reuters=News1 |
◇ What is the reason for the surge? : It is an analysis that the sharp rise of bitcoin is because bitcoin has begun to be recognized as a payment method.
In fact, bitcoin is on the rise since last week Tesla announced that it would purchase $1.5 billion worth of bitcoin (1,651.9 trillion won) worth of bitcoin while trading electric vehicles in bitcoin.
In addition, New York Melon Bank, a traditional bank, announced on the 11th that it has created a new business unit that helps customers hold digital assets such as Bitcoin. Mastercard also announced on the same day that it plans to include some cryptocurrencies in its payment system.
Canada’s securities authorities also approved a Bitcoin ETF (listed index fund) for the first time ever. Accordingly, it is expected that investors’ investment in bitcoin will be easier.