[Bitcoin Now] Surprise Rebound... Briefly Surpasses 8.5 Million Won

Bitcoin Hits 8.5 Million KRW Level in One Week

Source=Upbit homepage capture

[Asia Economy Reporter Minwoo Lee] The price of the leading cryptocurrency Bitcoin has reached the 8.5 million KRW level for the first time in a week.

According to the domestic cryptocurrency exchange Upbit on the 3rd, as of 10:40 AM, the price of Bitcoin was 8.19 million KRW, up 0.16% from the previous day. Around 2 AM that day, it had risen to 8.54 million KRW. The price reaching the 8.5 million KRW level is the first time in a week since the 25th of last month.

Other cryptocurrencies such as Ethereum and Ripple are also showing slight upward trends. At the same time, Ethereum was trading at 170,550 KRW, up 0.24% from the previous day. Ripple also rose 0.96% to 216 KRW.

Meanwhile, Robert Kiyosaki, author of "Rich Dad Poor Dad," criticized the unlimited quantitative easing policy on his Twitter on the 1st, saying "The U.S. Federal Reserve (Fed) is printing fake money," and recommended investing in cryptocurrencies. He argued, "Why save money when zero interest rate policies are in place?" and urged to "buy gold, the money of the gods, or Bitcoin, the money of the people."