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Elon Musk Tesla Chief Executive Officer. [사진 출처=연합뉴스]With the bitcoin market cap exceeding $1 trillion, Tesla CEO Elon Musk expressed an opinion that the price of cryptocurrency seems to be high.
According to Reuters on the 21st, Musk commented on this effect when Peter Seef, a leading bitcoin skeptic and financial investment advocate, said on Twitter that “gold is better than bitcoin and conventional cash.”
Musk pointed out, “Money is only data that avoids the inconvenience of bartering. There are problems or errors in which real-time information is reflected late like other data.” He said in the next comment, “Bitcoin and Ethereum prices seem to be high.”
“Musk admitted that the price of Bitcoin and Ethereum is high,” said Insider, an economic media outlet.
Musk recently revealed that he is a supporter of bitcoin and has sparked the cryptocurrency investment craze by purchasing $1.5 billion worth of bitcoin through Tesla. On the 18th, he wrote on his twitter, “Bitcoin is almost like fiat money.”
Bitcoin price has soared 350% over the past six months as the buying trend has risen. On the 19th, the market capitalization exceeded 1 trillion dollars for the first time in history. Bitcoin is trading at $55,535 as of 9 am on the 21st of Korea time.
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