1 Bitcoin 65.5 million won transaction on the 21st… Nonghyup accounts required for cryptocurrency transactions are also popular
Earlier this month, Elon Musk remarks, prices begin to surge… Concerns about “speculative assets, tulip wave reproduction”
On the morning of the 18th, the bitcoin price is displayed on the display board at Upbit Lounge, a cryptocurrency exchange in Gangnam-gu, Seoul. yunhap news
Bitcoin price is hitting record highs every day. While there are signs that the bitcoin craze from 2017 to 2018 will be revived, a warning is issued saying that it is not just an attractive investment method, considering price instability and the possibility of using crime.
◆65 million won per bitcoin↑, members 7 times increased
According to the cryptocurrency exchange Upbit on the 21st, around 11:10 am on the day, 1 bitcoin was traded at 65.5 million won. The previous day, on Upbeat, the reported price was over 65.9 million won. As of 5 pm, the transaction price is around 64.5 million won.
In Upbit, Bithumb, Copax, and Corbit, bitcoin steadily rewritten highs after surpassing 60 million won on each exchange on the 19th. As a result, the price of bitcoin rose more than four times last year and more than 80% this year.
Bitcoin’s market cap also surpassed $1 trillion (about 1,100 trillion won) for the first time this year. ▷Apple ($2.78 trillion) ▷Saudi Ramco ($1,98.6 billion) ▷Microsoft ($1,6206 billion) ▷Amazon $1.586 trillion ▷Google ($1,2352 trillion) ) It is the next scale.
As bitcoin rewrites the reported price day by day, individual investors are also increasing.
According to the domestic financial industry, the number of new personal accounts opened by three banks, including Nonghyup Bank, Shinhan Bank, and K Bank, was 1.4 million, up 30.8% from the same period of the previous year (10.7 million). These bank accounts are indispensable for authenticating real names when using the four major domestic cryptocurrency exchanges such as Bithumb, Upbit, Coinone, and Kobit.
The number of members of domestic cryptocurrency exchanges is also increasing.
Bithumb’s membership growth rate compared to the same month last year soared to 53% in November, 63% in December, and 760% last month. The bitcoin transaction amount also surged to 2.7 trillion won in November last year, 5.87 trillion won in December, and 12.87 trillion won last month.
According to the cryptocurrency exchange Upbit on the 20th, the bitcoin price reached 63 million won at 8:05 am on the day. At Upbit, at 11:48 pm the previous day, Bitcoin exceeded 60 million won. yunhap news
◆”Possibility of sudden bubble out”
Bitcoin was noticed as an investment asset to replace gold, especially as the dollar weakened last year while governments around the world were performing quantitative easing in response to Corona 19. Global institutional investors also released announcements that recognized Bitcoin as an investment asset.
In particular, on the 8th (local time), US electric car maker Tesla changed 8% of its cash ($1.5 billion) to bitcoin, sparking a surge in bitcoin price. At the time, CEO Elon Musk said, “We will be able to buy cars with Bitcoin in the future.”
He was recently criticized for commenting on his Twitter that “holding bitcoin is a less stupid act than holding cash, and bitcoin is almost like money.” On the 20th, he changed his attitude, saying, “Bitcoin and Ethereum prices seem high.”
Financial experts, such as the US financial authorities, are expressing concerns about the individual’s’don’t ask’ investment in Bitcoin.
“Bitcoin is a very speculative asset. It is very important to regulate the institutions that deal with bitcoin and keep them accountable,” US Treasury Secretary Janet Yellen said in an interview with local media on the 20th.
Bitcoin faced a strong sell-off in 2017-2018 when financial authorities around the world began to regulate cryptocurrency for the purpose of “securing transparency”. Bitcoin, which rose to 28 million won at the end of 2017 in Korea, plunged to 3.5 million won the following year.
“If cryptocurrency-related regulations are introduced and transparency is strengthened, there is a possibility that the bubble will suddenly extinguish,” said Kim Sang-bong, professor of economics at Hansung University.