[이코노믹리뷰=최진홍 기자] On the first day of the new year in the lunar calendar, the bitcoin price is hovering around 47 million won. At one time, it fell to the level of 43 million won, but it seems to have succeeded in a slight rebound. However, even after recovering from the 47 million won level, the market price does not show any upward momentum, so the forecast is strong that winter will continue for the time being.
The reason for the slight rise in the bitcoin price is related to the rise in the US stock market. As the bitcoin price was incorporated into the system, the steam synchronization phenomenon started, and as the stock market rebounded mainly on the Nasdaq, such as Apple’s recent record of the highest performance, the bitcoin price also seems to rise.
However, as interest rate hikes and tapering politics begin in earnest, the Bitcoin price is highly likely to decline further. This is because the faster each country’s ‘tightening steps’ to prepare for inflation, the faster the Bitcoin price may fall.
The recent bitcoin price has taken a hit, and the number of bitcoin millionaires has declined significantly. In fact, according to Pinbold, a cryptocurrency media outlet, between October last year and January of this year, the number of Bitcoin wallet addresses holding more than $1 million decreased by 28,186. This is a decrease of about 24% from 116,139 as of October last year.
Some still see hope. In particular, El Salvador, which designated Bitcoin as a legal currency, is not expected to stop loving Bitcoin for the time being.
In fact, AFP reported that the International Monetary Fund had demanded that El Salvador repeal its policy of designating Bitcoin as a fiat currency, but El Salvador refused.
Currently, it is estimated that El Salvador owns about 1,400 Bitcoins, led by El Salvador President Nayb Bukele. It is certain that they have suffered a major blow from the recent price drop. However, El Salvador has not given up on its low-price purchase policy following the designation of Bitcoin as a fiat currency.
Recently, there is an atmosphere of accepting the Bitcoin fiat currency policy as a kind of economic sovereignty. El Salvador also plans to issue bitcoin bonds in March as an extension of that.
