The representative virtual currency Bitcoin experienced a sharp decline. In mid-January, Bitcoin's price reached $97,000, hitting a two-month high, but recently it plummeted significantly, almost offsetting the gains since the beginning of the year. Regarding the ownership of Greenland, when U.S. President Trump proposed tariffs on Europe, Bitcoin's correlation with the stock market strengthened, and the selling momentum increased.
Bitcoin has a maximum supply of 21 million coins, similar to the limited reserves of gold. Compared to currencies that lose value due to inflation, Bitcoin is considered to have a strong store of value and is called "digital gold." By 2025, Bitcoin is expected to become a preferred investment asset for capital fleeing from the U.S., and its rise alongside gold is noteworthy.
However, amid the current surge in gold prices, Bitcoin is being sold off.
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The representative virtual currency Bitcoin experienced a sharp decline. In mid-January, Bitcoin's price reached $97,000, hitting a two-month high, but recently it plummeted significantly, almost offsetting the gains since the beginning of the year. Regarding the ownership of Greenland, when U.S. President Trump proposed tariffs on Europe, Bitcoin's correlation with the stock market strengthened, and the selling momentum increased.
Bitcoin has a maximum supply of 21 million coins, similar to the limited reserves of gold. Compared to currencies that lose value due to inflation, Bitcoin is considered to have a strong store of value and is called "digital gold." By 2025, Bitcoin is expected to become a preferred investment asset for capital fleeing from the U.S., and its rise alongside gold is noteworthy.
However, amid the current surge in gold prices, Bitcoin is being sold off.