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It is said that in December 2020, the price of the cryptocurrency Bitcoin, which surpassed $20,000, soared further, reaching $34,800 (KRW 37 million).
Bitcoin, which is gaining popularity among investors, saw a record price surge of 1,375% in 2017, but the market price fell in 2018. In November 2018, it fell 40% in two weeks. It turned to recovery from 2019, but it plunged again in March 2020 due to the Corona 19 incident, which once hit the lowest price of $5,000. However, since October 2020, the price has continued to rise, surpassing the previous high on November 30, 2020.
This price continued to rise further into December 2020 and hit the $20,000 mark on December 16th. Even after December 16, 2020, the price of bitcoin continued to grow more rapidly, reaching $30,000 on January 2, 2021, and reaching a high of $34,800 on January 3 at around 9 o’clock. Of course, it turned slightly downward here, but the price is still high.
It is analyzed that this surge was the catalyst when PayPal, an online payment service company, started handling cryptocurrency in October 2020. In addition, Warren Buffett, well known as the god of investment for bitcoin, which continues to increase in price, has no basic value for reasons such as not making profits or dividends. He said that no matter how expensive cryptocurrencies, including bitcoin, are traded, he will never touch it. I also revealed it. Related information can be found here .
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