Bitcoin surpasses 50 million won for the first time ever in the’Tesla effect’

Input 2021.02.09 09:06

On the 9th, for the first time in history, Bitcoin surpassed ‘1 Bitcoin = 50 million won’. It has been only one month since it crossed the 40 million won line. Bitcoin value has jumped more than 50% this year alone.-

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Bitcoin is trading at 8:40 am on the day of the global cryptocurrency market broadcast site’CoinMarketCap’ for $46,258 (about 51.6 million won), up 20.21% from the previous day.

In Korea, it is trading at a slightly lower price of 48 million won. According to the cryptocurrency trading site Bithumb, Bitcoin is trading at 48.9 million won, up 6.64% from the previous day.

Tesla was the driving force behind this rise. The previous day, Tesla submitted a report to the Securities and Exchange Commission (SEC) stating that it had bought $1.5 billion worth of Bitcoin. It also said that it will add bitcoin payment as a payment method when purchasing its own product (car).

Tesla said, “We bought bitcoin to maximize cash return and secure flexibility,” and said, “There is a possibility to invest part of the company’s capital in cryptocurrency in the future.

Elon Musk, Tesla’s CEO, said, “I should have bought bitcoin 8 years ago” at the social media clubhouse on the 1st. At the time, he said, “I think Bitcoin is a good thing at the moment,” and “I’m a supporter of Bitcoin.”

On the 29th of last month, Musk deleted his Twitter account’s existing profile and described it as’#bitcoin’. At the time, the bitcoin market soared nearly 20%.

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