The price of one bitcoin exceeds 65 million won, and it is more expensive than 1kg of gold.
According to the cryptocurrency exchange Upbit, the price of 1 bitcoin surpassed 65 million won around 10 am on the 20th.
As a result, 1 bitcoin has exceeded the price of 1kg of gold. KRX Gold Market Standard 1 kg of gold It is trading on line at 63.9 million won.
When comparing returns with alternative investment products, it has been a long time since Bitcoin dominated gold. Bitcoin price rose 80% compared to the beginning of this month and 100% compared to the beginning of this year, while the gold price fell 20% in half a year.
As a result of the Corona 19 pandemic, gold and bitcoin have attracted attention at the same time as a’safe haven’ while worrying about the overissuance of the dollar, and so far, bitcoin is performing better.
Bitcoin’s The market capitalization has increased to 1.5 trillion won. In January of this year, the bitcoin market cap exceeded $60 million, but within three months, it increased by 67%.
Now, the bitcoin market cap has grown beyond that of Tesla and Facebook, which is worth 700 billion dollars, to a size that requires comparison with the market cap of Google (1.4 trillion dollars).
The recent bitcoin bull market is driven by news of the traditional financial sector’s acceptance of bitcoin.
New York Melon, the oldest financial institution in the United States, announced on the 11th that it plans to deal with bitcoin for its asset management customers. One day earlier, MasterCard announced that it will support payment services using cryptocurrency within the year. On the 14th, a Bloomberg report reported that Morgan Stanley, an investment bank in the United States, is considering offering bitcoin investment products through its subsidiary.
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In addition, on the 8th, electric car maker Tesla reported to the SEC that it had bought $1.5 billion worth of bitcoin in January, and said it is considering a plan to receive bitcoin and sell Tesla electric cars in the future. When the news came out, the price of Bitcoin at the time soared more than 13% to $43,000.