Tuesday , November 24 2020

Are you challenging $ 20,000 for Bitcoin? Spreading a positive assessment of virtual currency in the financial sector

(Seoul = Yonhap News) Rapporteur Koo Jeong-mo = While Bitcoin, the leader of cryptocurrencies (cryptocurrencies), is rising again this year, a positive shift in the perception of cryptocurrencies is also spreading.

Institutional financial firms offer virtual currency services, while some pessimists who have attacked Bitcoin in the past also give positive virtual currency ratings.

According to CoinDesk, the 22nd cryptocurrency site, the price of bitcoins has surpassed $ 18,000 in nearly three years of the 18th year and has fluctuated.

The price of bitcoins, based on the domestic cryptocurrency exchange Bithumb, on the 18th exceeded 20 million obtained.

Accordingly, it is forecast to reach a record $ 19,665 in December 2017.

Bitcoin has spread again this year as an alternative safe means after the spread of a new coronavirus infection (Corona 19).

In particular, on the 21st of last month, the American online payment company PayPal announced that it will be able to buy and sell cryptocurrencies such as bitcoin on its platform, giving a stronger impetus to the growing trend.

This is due to increased expectations that Bitcoin will be available in more than 26 million stores that can pay with PayPal.

It also notes a shift in the perception of typical cryptocurrency pessimists.

For example, Nuriel Rubini, a professor at New York University in the US, said in an interview with Yahoo Finance on the 13th that bitcoin is not flexible, not secure, not decentralized and not a currency. Said.

He was so negative about cryptocurrencies that he said in a U.S. Senate hearing in October that he was “the mother of all scams and bubbles.”

JPMorgan CEO Jamie Diman, who criticized Bitcoin as a “scam” and as a “worse thing” than the tulip bulbs that caused speculation in the 17th century, is at an event hosted by The New York Times (NYT) ‘Blockchain ‘, the company’s technology, was positive, saying: “It’s important to allow for a cheaper move of money.”

JPMorgan is pursuing a plan to use actual blockchain technology for payment. A special department has been set up to introduce a virtual currency called “JPM Coin,” and recently large technology companies are piloting it into commercial use.

The financial institution Fidelity also established its first Bitcoin fund in August this year.

Investment demand for cryptocurrency managers has also increased.

Assets led by Grayscale, the world’s largest cryptocurrency manager, recently reached $ 10.4 billion, up 75% from September.

Assets managed by rival CoinShares have also increased by 150% this year.

Of course, it is true that criticism of cryptocurrencies is still not easy.

Ray Dalio, the “godfather of hedge funds,” posted on his Twitter post the 18th bitcoin, which says bitcoin has trouble implementing the modes of exchange and the value of storage functions such as currency.

Bitcoin has exceeded 20 million won ....  Highest price of the year
Bitcoin has exceeded 20 million won …. Highest price of the year

(Seoul = Yonhap News) Reporter Han Jong-chan = On the 18th, the price of the cryptocurrency Bitcoin exceeded 20 million win in two years and 10 months. Since January 14, 2018, it has been almost three years since 1 Bitcoin exceeded 20 million win. The image is a table of cryptocurrency prices in the Bithumb Gangnam Center in Gangnam-gu, Seoul on 19. 2020.11.19 [email protected]

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