It’s Trump who hates Bitcoin… Is the skyrocketing price when elected an ‘expected outcome’? [Y녹취록]

■ Host: Anchor Park Seok-won. Anchor Uhm Ji-min

■ Appearance: Kim Dae-ho, Director of Global Economic Research Institute

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate content. quote poem [YTN 뉴스퀘어 10AM] Please specify.

◇Anchor> Doesn’t Bitcoin follow a similar trend to candidate Trump’s rise? Why are you following me like this?

◆Kim Dae-ho> That’s right. During his first term, President Trump severely suppressed Bitcoin. So, many people in Bitcoin said that they hoped President Trump would not run again, but I don’t know if he was conscious of this, but President Trump completely changed his strategy as he ran for president for the second time. We will stockpile Bitcoin as a national strategic asset. Strategic assets, such as oil and crude oil, are held by the government in a certain quantity so that they can be used in times of national emergency. President Trump leaves the White House alone and thinks for himself that Bitcoin is being led by China and that the United States is being excluded from the center of gravity of Bitcoin. Therefore, the United States pledged to take the lead in Bitcoin with strategic assets and to create related laws. Not only that, but President Trump himself now holds a huge amount of Bitcoin. Therefore, there is an expectation that if President Trump is elected, there will be a huge explosion in the price rising to $200,000 or more. Candidate Harris also agreed to this, saying that the Democratic Party, Vice President Harris, and we will foster Bitcoin. Both candidates are acting like this right now. Of course, since President Trump’s pledge is much stronger, the higher the probability of President Trump being elected, the more likely the price of Bitcoin will rise for the time being. However, both candidates have promised to foster Bitcoin. Therefore, it seems difficult to judge that President Trump’s dominance is confirmed just by Bitcoin rising.

◇Anchor> Let’s take a look at the stock market. The New York stock market closed higher, which ultimately means that uncertainty has been resolved to some extent and investment sentiment has revived. You mentioned it by stock earlier, but Tesla‘s weakness stopped on the day of the presidential election. NVIDIA has regained the top spot in market cap. What can we read with this?

◆Kim Dae-ho> Currently, Tesla and Nvidia are representative IT technology stocks, but when looking at technology stocks in general, Harris’s support, that is, Silicon Valley, is closer to the Democratic Party. But Tesla is a little different. Tesla is classified as eco-friendly when it comes to electric vehicles, so it is close to the Democratic Party, but Tesla’s owner and manager, Elon Musk, donated a huge amount of money in campaign funds in this election and took the lead by traveling around the country and dancing for President-elect Trump. I really went all in on the election. From that perspective, the rise in Tesla stock price can be seen as a result of more forces betting on Musk’s upward trend than Harris’s. Expectations were very high. You can see it this way, but the New York stock market is now nighttime and normal trading is not possible. Only futures are traded, but individual stocks are not traded in futures. Only indices are traded. This index is also rising now, but in order to analyze the situation for individual stocks, it seems necessary to look in more detail at the opening situation when the New York Stock Exchange opens a few hours later.

Excerpt from the conversation: Lee Mi-young, Digital News Team Editor

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