As El Salvador recognized the world’s first virtual currency, Bitcoin, as a legal currency, the price of Bitcoin rose significantly.
El Salvador’s president has expressed his will to dispel environmental concerns by using volcanic geothermal heat to mine bitcoin, but concerns remain.
Reporter Lee Yeo-jin reports.
[어네스토 카스트로 / 엘살바도르 의회 의장(지난 9일) : 이로써, 비트코인 법정 화폐 지정 법안은 승인됐습니다.]
When El Salvador, Central America, approved Bitcoin as a legal currency for the first time in the world, the price of Bitcoin rose significantly.
After dropping to the $30,000 level, Bitcoin rose 19% in just one day (32 hours).
President Nayves Bukele, who led the designation of Bitcoin as a legal currency, announced that he would mine Bitcoin in a clean and inexpensive way using volcanic geothermal heat.
Bitcoin mining, which requires a large amount of electricity, has been criticized for adversely affecting the environment by increasing the use of fossil fuels and carbon emissions.
After tweeting a video of steam rising from the ground, Bukele said that engineers had dug a new geothermal well and began designing a bitcoin mining hub around it.
However, skepticism remains.
There are concerns that Bitcoin is difficult to serve as a legal currency because its price volatility is so high that it fluctuates from $29,000 to $64,000 this year alone.
[카를로스 카르카 / 경제학자 : 비트코인에 투자할 때 극심한 변동성을 겪게 된다는 게 문제입니다.]
Security concerns also dampened investor sentiment as the FBI recovered 85% of the bitcoins stolen by hackers from the largest U.S. oil pipeline company that was attacked last month by hackers.
Above all, in a country where more than 70% of the population does not even have a bank account, the basic question arises as to how many people will have access to the complex concept of Bitcoin.
In the midst of this, China is blocking internet searches for cryptocurrency exchanges, and Qinghai Province is the third provincial administrative district to completely suspend operation of mining farms.
YTN Lee Yeo-jin[firstname.lastname@example.org]is.
[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]