[Asia Economy New York=Correspondent Baek Jong-min] The price of the cryptocurrency Bitcoin has surpassed $40,000. This is the first time Bitcoin has broken the $40,000 mark since the end of May.
As of 10 a.m. local time on the 14th, according to CoinMarketCap, Bitcoin is trading at $40,600, up 12.8% from the previous day.
Bitcoin had risen to the $39,000 range and was aiming to re-enter the $40,000 level after Elon Musk, CEO of Tesla, mentioned that Tesla would resume Bitcoin payments once it is confirmed that miners are using eco-friendly energy.
Bitcoin's breakthrough of $40,000 on this day came after billionaire hedge fund investor Paul Tudor Jones expressed strong support for investing in Bitcoin.
In an interview with CNBC, Tudor Jones stated, "I prefer Bitcoin as a means of diversifying my investment portfolio. I want to invest 5% in gold, 5% in Bitcoin, 5% in cash, and 5% in commodities."
Tudor Jones also indicated that if the Federal Reserve (Fed) again judges the rise in inflation to be temporary at the Federal Open Market Committee (FOMC) meeting scheduled for the 15th-16th, he would expand investments in gold and cryptocurrencies.
He added, "For me, (Bitcoin) is a way to see if I can protect my assets. I consider Bitcoin and cryptocurrencies as part of wealth."
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