“Donate with bitcoin” said Twitter CEO… Exceeded 63 million won during the week

Bitcoin is rocking again. Bitcoin supporter Jack Doshi, Twitter’s CEO, once reached 56,000 dollars (approximately 63.99 million won) during the week.

According to CNBC in the United States, Jack Dossey said on his Twitter on the 10th (local time) that “(Tweet auction) will convert the proceeds directly to bitcoin and then send it to the Give Directly Africa response (fund).” GiveDirectly is a non-profit organization engaged in poverty eradication activities in East Africa, including Kenya, Uganda, and Rwanda.

On the 5th, Jack Dorothy posted the tweet marketplace’Valueables’ auction to sell her Twitter’s #1 tweet 15 years ago as a kind of cryptocurrency,’NFT’ (non-replaceable token). The auction tweet is “just setting up my twitter” dated March 21, 2006.

How much will Jack Dorothy donate in bitcoin? It is expected to be in the billions of won. This is because Sina Estabi, CEO of Bridge Oracle, a US blockchain company, wrote a bid of 2.5 million dollars (about 2.84 billion won). If there are no additional bidders by the deadline of the 21st, the ownership of the data, including the digital certificate signed by Jack Dossier and the time of posting of the tweet, will be transferred to Estavi.

Bitcoin prices fluctuated on the back of the city’s declaration of donation. According to the cryptocurrency site CoinDesk, Bitcoin rose to 55759 dollars (about 630,000 won) on the 10th. As of 4 pm on the 10th (Korean time), it is trading at 54082 dollars.

Bitcoin value is literally at the level of a null jump. On the 22nd of last month, it rose to the highest price, exceeding the 58,000 dollar level, and then fell to the 43,000 dollar level on the 1st. US Treasury Secretary Janet Yellen suggested the regulation, saying, “Bitcoin is a speculative capital,” and Elon Musk Tesla’s chief executive (CEO) said, “It seems that the price of bitcoin is high,” and speculation sentiment weakened.

However, bitcoin, which soon recovered its energy, surpassed $50,000 again on the 8th and then surpassed $52,000 on the 9th. Compared to the last day, it has increased by more than 20% in a week.

Bitcoin rose again after the US Senate passed a $1.9 trillion stimulus bill on the 6th. Expectations that massive fiscal expenditures will be a boon for the cryptocurrency market spread to the market.

At the time, CoinDesk evaluated that “large fiscal expenditures such as economic stimulus bills cause inflation, which is a good sign for a value store such as bitcoin.” There is also an analysis that the investment sentiment for risky assets such as bitcoin has strengthened as the bidding for 3-year Treasury bonds with maturity on the 10th was successfully completed.

Corporate interest also continues. Bloomberg said, “As global companies and investment institutions show interest in the cryptocurrency market, the price of bitcoin is strong again.” On the 10th, Acher, a holding company led by Norwegian rich Shel Inge Loke, announced that it has set up a new investment company to invest in cryptocurrency.

On the 5th, Chinese beauty app company Meitou also bought 40 million dollars worth of cryptocurrencies such as Bitcoin and Ethereum. In a recent survey of 280 customers by global investment bank Goldman Sachs, 22% said “Bitcoin price will surpass $100,000 in the next 12 months.” Half predicted that “it will fluctuate from 40,000 to 100,000 dollars.”

Of course, skepticism is difficult. Bloomberg said, “There is skepticism about bitcoin as a bubble that can disappear in an instant,” and “the negative evaluation of financial authorities in each country is still there.”

“Bitcoin volatility is very high,” said Peter Hanks Daily FX analyst. “It is clear that as the price rises, losses can increase rapidly.” Criticism from celebrities continues.

In an interview with the New York Times (NYT) on the 9th, Microsoft founder Bill Gates said, “Bitcoin transactions consume more electricity than any other method.”

Reporter Seungho Lee [email protected]