“As a means of trade settlement”… 10% surge in Bitcoin Citigroup report


Bitcoin and other cryptocurrencies are on the rise again after plunging for two consecutive days. 2021.2.24/News1 © News1 Reporter Eunna Ahn

Bitcoin, a representative cryptocurrency (virtual currency), is soaring 10% thanks to a report from Citigroup.

According to CoinMarketCap, an American cryptocurrency market relay site, as of 6 a.m. on the 2nd (Korean time), bitcoin is trading at $48664, up 9.37% from 24 hours ago.

Bitcoin was pushed to the 43,000 dollar mark on the 28th of last month and recovered to the 48,000 dollar mark again.

The reason Bitcoin is soaring on this day is because Citigroup, a large US bank, released a friendly report on Bitcoin.

Citigroup said through a report, “It is at an important inflection point to decide whether cryptocurrencies such as bitcoin are recognized as mainstream currencies or end in a bubble.” I will do it.”

City emphasized that “the base of cryptocurrencies such as bitcoin is expanding thanks to the participation of many institutional investors,” and “it is worth considering as a payment method in international trade.”

Meanwhile, Bitcoin surpassed 58,000 dollars on the 22nd of last month, breaking an all-time high. However, after inflation (inflation) concerns arose, pushing it to the $43,000 level and rising again.