[Bitcoin Now] Falls to 37 Million Won Range... Rumored Apple Purchase Unsubstantiated
Rumors Source from Twitter Posts
Consistent Speculation on Apple's Entry into the Cryptocurrency Market
![[Bitcoin Now] Falls to 37 Million Won Range... Rumored Apple Purchase Unsubstantiated](http://www.asiae.co.kr/news/img_view.htm?img=2021071414375133955_1626241071.jpg)
[Asia Economy Reporter Gong Byung-sun] The representative cryptocurrency Bitcoin has fallen to the 37 million KRW range. Although it was reported that Apple, the world's largest company by market capitalization, purchased Bitcoin, this has been revealed to be unfounded.
According to the domestic cryptocurrency exchange Upbit, as of 2:24 PM on the 14th, Bitcoin recorded 37.9 million KRW, down 2.09% from the previous day. This is the first time this month that Bitcoin has fallen to the 37 million KRW range.
The rumor of Apple's Bitcoin purchase being unfounded appears to have had a negative impact. On the 12th (local time), Joshua Rumsberg, CEO of the cryptocurrency platform company Chainlink, said on Twitter, "There is a rumor that Apple has purchased about 2.5 billion USD (approximately 2.877 trillion KRW) worth of Bitcoin and will announce it soon." However, the cryptocurrency specialized foreign media Benzinga reported on the 13th, "The origin of the rumor about Apple's Bitcoin purchase is a Twitter post by the famous cryptocurrency figure 'Altcoin Goran,' and Apple, a company that values its image, will not purchase Bitcoin related to environmental issues."
On the 10th, Altcoin Goran said on Twitter, "Apple will announce on the 12th that it has purchased 2.5 billion USD worth of Bitcoin." When people asked Altcoin Goran for the source of the news, he only presented the previously mentioned Twitter post by Chainlink CEO Rumsberg or news articles reporting his statement, but failed to provide concrete evidence.
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Rumors of Apple's participation in the cryptocurrency market have been circulating steadily. In February, when Tesla disclosed that it had purchased 1.5 billion USD worth of Bitcoin, opinions immediately arose that Apple should also enter the cryptocurrency market. The overseas investment bank RBC Capital Markets claimed in a report, "If Apple enters the cryptocurrency market, it will immediately capture the market," and "It could also generate annual revenue of 40 billion USD."
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