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you may have heard, interest in bitcoin is growing like this, but when you look at the past trend where the price rose a lot and then dropped again, many point out that the volatility is still too large.



Reporter Lim Tae-woo pointed out whether Bitcoin can establish itself as a means of trading like a traditional currency.



<Reporter>



This nail shop in Myeong-dong, Seoul, started paying in bitcoin four years ago.



At the time, there was only one bitcoin payment customer in the last year, which reached dozens of people a month thanks to the bitcoin craze.



Users disappeared after the massive crash in 2018.



[Kim Seonja/Bitcoin Payment Store President: (Bitcoin customers) It can be seen that the number of Bitcoin customers has decreased by 99%.

There were a lot of people who gave up coins and said they didn't like the coins...

.] With



the stigma as a means of speculation amid soaring and plunging, the number of bitcoin payment stores, which reached 150 in Korea, has drastically decreased to around 10.



The reason that the cryptocurrency market is shaken by Tesla's announcement that it will allow you to buy new cars with bitcoin is because it is not only a means of storing value, it is likely that it will be used as currency.



Following the announcement that PayPal, a simple payment company, will accept Bitcoin as a payment method, it has raised expectations by joining Tesla, the number one electric vehicle, as a payment method.



[Richard Lions / UC Berkeley Professor of Finance: Not only Bitcoin, but other cryptocurrencies, stablecoins, and Tether are expected to become firmly established as trading currencies for the next five years.]



However, the fact that as a trading currency is too volatile This is a homework to overcome.



[Yun-Seok Lee/Senior Fellow, Korea Finance Research Institute: Some mechanisms that can be used to adjust the existing currency and values ​​to prevent excessive fluctuations in value are discussed together...

.] It



is difficult to check the central banks of each country concerned about money laundering.



In addition, the market is paying attention to whether to stay on the roller coaster market or on a stable trajectory to transform the financial ecosystem in the future.



(Video coverage: Kyunjong Kim, video editing: Seungyeol Lee)  



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Bitcoin exceeded 50 million won