“I thought the rising tax was over”…Bitcoin price ahead of over 50,000 dollars again

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▲Bitcoin. (Photo = Pixar Bay)

[에너지경제신문 박성준 기자] As various perspectives on the cryptocurrency bitcoin are scattered, the price of the roller coaster market is gaining momentum.

According to CoinDesk, a cryptocurrency site on the 2nd, the price of bitcoin as of 12:05 pm on the same day (Korean time) is $49,325 per piece, up 6% from the day before. In particular, the price temporarily reached 5177 dollars (about 56.14 million won), exceeding the 50,000 dollar mark.

Bitcoin price has been on a sharp decline for a while due to the negative evaluation of US Treasury Secretary Janet Yellen, but recently, after attempting to rebound, it recovered once again at the 50,000 dollar mark.

Bitcoin was priced at over $58,000 on the 22nd of last month, but U.S. Treasury Secretary Yellen evaluated it as “an extremely inefficient means to conduct a transaction,” and even Elon Musk, CEO of Tesla, who invested in Bitcoin, said, ” It fell due to the influence of saying, “The price seems to be high.”

Accordingly, on the 1st of this month, the price plummeted to 43,500 dollars, but it rebounded again as news of some favourites came.

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▲ Bitcoin price trend over one month (Photo = CoinDesk)

In fact, investment bank Goldman Sachs is planning to resume a desk dedicated to cryptocurrency and offer bitcoin futures to other financial products by mid-month, Bloomberg News reported, citing an anonymous source.

It is reported that Goldman Sachs had halted after making a similar attempt in 2018.

In addition, MicroStrategy, an American software company known for its massive investment in bitcoin, said it has increased its bitcoin holdings to a total of $4 billion.

Citigroup said in an investment note on the 1st (local time) that Bitcoin is at a tipping point and one day it could be chosen as the currency for international trade. Citigroup said, “As institutional investors participate in the bitcoin market, confidence in cryptocurrency is growing, but factors that limit the popularization of bitcoin continue.” Or, whether it will lead to a price collapse due to speculative trading, it is at a huge tipping point.”

However, negative evaluation of cryptocurrency, centered on the authorities, still remains.

According to CNBC Broadcasting, US Attorney General Leticia James warned against the cryptocurrency industry, saying in a press release on the 1st, “If you don’t follow the laws, we will close the door,” and warned investors that “must be very careful.”

New York State prosecutors have filed a lawsuit against the cryptocurrency investment platform Coinseed for illegal operation.

Investment bank JPMorgan rated Bitcoin as a “economic sideshow” last month and pointed out that it is the “worst hedge against a stock price crash.” It is argued that the increase in demand for digital finance and fintech services rather than Bitcoin is the true core value in the era of Corona 19.

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