![Bitcoin image. [중앙포토]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202104/03/ac2997a7-7e90-4a18-9eb0-e373804c15a5.jpg?w=560&ssl=1)
Bitcoin image. [중앙포토]
The cryptocurrency Bitcoin exceeded 75 million won each for the first time ever.
Upbit traded at 7.52 million won on the afternoon of the 3rd
Doubled compared to the beginning of the year as institutional investors added
Some lines “speculative assets… Damage will increase” with pessimism
According to the cryptocurrency exchange Upbit, as of 4 pm on the 3rd, 1 bitcoin is trading at 75022,000 won. It rose 1.58% compared to the previous day. This is the first time that the price of 1 bitcoin in Upbit has exceeded 75 million won.
At the same time, on Bithumb, another cryptocurrency exchange, bitcoins were traded at 74778,000 won each. It is also the highest price record. Unlike the stock market, cryptocurrency is traded on an exchange basis, so even the same type of cryptocurrency may have different prices for each exchange.
In the U.S., it was also traded at $59,373 each (about 6703 million won, coin desk), up 15% from a week ago. Compared to the 30% in the last month and the beginning of the year, it has doubled.
It can be interpreted that the rise in bitcoin price is due to the influx of global institutional investors.
Goldman Sachs, the largest investment bank in the United States, announced on the 31st of last month (local time) that it will release bitcoin as an investment product from April to June. Mary Rich, the new CEO of Goldman Sachs Digital Assets Global, told CNBC, “We will sell cryptocurrency products to individual customers with investment assets of more than $25 million (about 22.8 billion won). This decision is for customers who want to invest in bitcoin. It is responding to demand.
Earlier, on the 16th of last month, Morgan Stanley announced that it would launch a’Bitcoin Fund’ to high-income customers for the first time among major IBs around the world.
In addition, Visa, a credit card company, announced on the 29th of last month that it will include’USD coin’ as a new payment method. USD coin is a stable coin with a fixed value in the dollar. Although this is a pilot measure, card payment is possible with cryptocurrency. PayPal, an online payment platform, also announced that it will allow online purchases using cryptocurrency for US residents.
However, negative views on cryptocurrency remain. US Treasury Secretary Janet Yellen has warned several times that “Bitcoin is a very speculative asset,” and “we are concerned about the potential losses that investors may suffer.”
Bank of Korea Governor Lee Ju-yeol said in the’Questions and Answers on Major Issues’ on the 24th of last month, “If the central bank digital currency (CBDC) is introduced in the future, the demand for cryptocurrency as a payment method will decrease. The volatility makes it difficult to function as a means of payment and value storage.”
Reporter Lee Sang-jae [email protected]
