The price of Bitcoin has fluctuated recently. Even though it had plummeted, the price of Bitcoin went up again thanks to Elon Musk’s social media. However, this Bitcoin hype has received harsh criticism from the Central Bank of Ireland. A warning also came from Governor Gabriel Makhlouf for the digital money investor, namely “be prepared to lose all their money”.
He is quite surprised by the people who invest in Bitcoin and see it as an asset.
“Personally, I don’t think why people invest in assets like this, but they see it clearly as an asset. It’s our job to make sure consumers are protected,” said Makhlouf quoted by the Irish Times, Monday (1/2/2021).
Makhlouf added that the problem of exchange rate stability is now increasing because of Bitcoin itself.
Makhlouf’s comments followed the opinion of the European Central Bank (ECB) some time ago. ECB Governor, Christina Lagarde mentioned Bitcoin as a very speculative asset.
For information, the value of Bitcoin fluctuates drastically. At the beginning of the year the price reached US $ 41,940, then decreased to US $ 30 thousand.
Elon Musk is a Sentiment on the Rise of Bitcoin Price
Then it seems that thanks to Elon Musk, the value of Bitcoin is creeping up again. This is due to shortly adding the hashtag #bitcoin on the Twitter bio of the owner of SpaceX, Bitcoin price soaring 20%.
The incident occurred on Friday, 29 January 2021, early morning 3:30 ET or 15:30 WIB. The Coin Desk report said the increase increased by US $ 5000 or equivalent to Rp.70 million in one hour and to US $ 37,229 or Rp.521.3 million.
About two hours later Bitcoin traded at a high 17% in the last 24 hours to US $ 36,600 or Rp.512.5 million.
This is quite different from 2020 when the Bitcoin price continued to rise. Throughout 2021, the value is still behind 13% from the highest price but has climbed 25% since the beginning of January.
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