Home » today » Business » Bitcoin `Gazah~`… Wall Street’s big hand is also tackling-Maeil Economy

Bitcoin `Gazah~`… Wall Street’s big hand is also tackling-Maeil Economy

picture explanation[사진 = 연합뉴스]

– As the cryptocurrency bitcoin is changing its all-time highs, the US economic media is drawing attention by pointing out the’Wall Street big players’ as the background of the price increase.

According to the US economic media CNBC on the 23rd, a new group has purchased 500,000 bitcoins (11.5 billion won) in the three months since September. During the same period, the price of bitcoin rose more than 200%.

CNBC analyzed that this bitcoin surge is showing a different pattern from 2017. In the past bitcoin rise, individual investors were led. Their analysis is that the recent uptrend was led by huge Wall Street investors.

The liquidity of the bitcoin market has declined from three years ago, and sellers have also declined. The transaction volume was also about 800,000 less than in 2017.

On the other hand, so-called’billionaires’ investment increased. Assets such as Paul Tudor Jones and Stanley Druckenmiller made direct investments, and Fidelity, JPMorgan, and PayPal actively introduced virtual currency management solutions to increase the amount of investment.

CNBC analyzed that this year’s rise in bitcoin was partly driven by Wall Street’s billionaires’ public support for bitcoin. “It has instilled confidence in mainstream investors who were skeptical of cryptocurrency.”

In addition, Philippe Gradwell, Chief Economist of Channelesis, also predicted that “public support from celebrities is generally regarded as a harbinger of a peak and will continue to rise for the time being despite concerns that bitcoin prices are higher than fundamentals.

Recently, Elon Musk, Tesla’s CEO, has consistently revealed his love and interest in cryptocurrencies, including bitcoin, through his SNS.

Meanwhile, the bitcoin price recaptured the 26.41 million won line as of 10 am on the 23rd. In addition, as bitcoin continues to rise, the daily transaction value also recorded 163.6 billion won.

[김진솔 매경닷컴 기자 [email protected] / 박완준 매경닷컴 인턴기자]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.