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[이데일리 김보겸 기자] The bitcoin price again surpassed $54,000. In less than 10 days after falling to the 43,000 dollar level on the 1st, it has risen to over 10,000 dollars.
According to CoinMarketCap, a cryptocurrency site, Bitcoin is trading at around $53,600 at 5 pm on the 9th of Korea time. On this day, the highest price reached the 54,000 dollar mark, and the market capitalization exceeded 1 trillion dollars. This is the second time since the 19th of last month. Ethereum, the second place, also recorded a record high of $1,840, up close to 6% after the Chinese beauty app May2 announced that it had been purchased the day before, the highest in two weeks.
This is because bitcoin is attracting attention as a hedging tool amid spreading inflation concerns. It is analyzed that there was anxiety that inflation could come under the $1.9 trillion stimulus bill passed in the United States last week, and bitcoin investment was resumed as a means to hedge it. Some believe that Bitcoin is replacing gold, a traditional means of hedge against inflation.
It is analyzed that the rally was also fueled by the constant interest of large-invested investors in virtual assets. On the day, Acher, a holding company led by Norwegian rich Shel Inge Loke, announced plans to invest $58 million in virtual assets. It is the second largest in Norway, with a wealth of $5.4 billion alone.
He then emphasized that it will hold all liquidity that can be invested in the form of virtual assets. In a letter to investors, he said, “Bitcoin value could fall to zero, but it could be the core of a new monetary system,” he said.
Despite the notorious volatility, there is also a prospect that Bitcoin will become the top three portfolios along with stocks and bonds. ‘The Golden Hand of Wall Street’ Cashwood, Chief Executive Officer of Arc Investment, told CNBC, “Bitcoin price will stabilize over time. Will” he emphasized. Wood predicted that Tesla’s share price in 2018 will surpass $4,000 (before the five-to-one par value split) within five years, and it became a reality within three years and received attention.