Image of Bitcoin currency, the leader of virtual currency. Reuters Yonhap News
The price of bitcoin, the leader of virtual currency, is rising horribly in the new year. The price of bitcoin has even surpassed the record high of $33,000 each.
According to Coinbase, the largest cryptocurrency exchange in the U.S., the price of bitcoin reached a once high of $3,3239.0 on the 2nd (local time). Bitcoin, which surged more than four times last year, broke the $30,000 wall for the first time on this day, and then even surpassed $33,000. Bitcoin is traded 24 hours a day, so there is no concept of closing price.
Bitcoin price, referred to as’digital gold’, jumped close to 70% in less than a month after surpassing $20,000 on December 6 last year.
Some observers say that Bitcoin’s strength as a’speculative frenzy’ will be recognized as a real currency and asset.
Van Eck Associates, an asset management company in New York, announced on December 31 last year that it will re-initiate the establishment of an ETF that is linked to the price of bitcoin. The company submitted a document to the Securities and Exchange Commission (SEC) requesting approval of the new product of the Bitcoin ETF. With SEC approval, the first Bitcoin ETF will be born.
Institutional investors have also started buying bitcoins in bulk since last year. Massmutual, a large insurance company, bought $100 million worth of Bitcoin. Investment company Grayscale Investments bought more than 70,000 bitcoins last month alone, and famous billionaire investors such as Paul Tudor Jones and Stanley Drunk Miller joined the purchase. S&P Dow Jones, a financial information company, is planning to introduce a cryptocurrency index within this year. PayPal, an online payment company, announced in October that it would allow the trading of bitcoins on its platform.
Michael Sailor, Chief Executive Officer of MicroStrategy, commented, “Institutional investors who view bitcoin positively as a hedge against inflation have increased significantly.”
Scott Minard, Chief Investment Officer of Guggenheim Investments, said in an interview with Bloomberg News, “The US central bank is releasing huge amounts of money in a situation where there is a clear limit to the bitcoin supply.” Looked out. Citibank also predicted that this year, Bitcoin could rise to $318,000.
However, “Dr. Doom” Professor Nouriel Rubini of New York University warned that “Bitcoin is not a currency and is not a stable means of storing value.”
New York = Correspondent Jae-gil Cho [email protected]
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