"Today I'm going to buy Apgujeong Hyundai" Civil servant proves 3.5 billion coin balance
Bitcoin Surge... Surpasses 100 Million KRW on 11th, 'All-Time High'
Profit Confirmations Rise in Community... "Will Quit Job if It Hits 300 Million"
The price of Bitcoin, the leading cryptocurrency, surpassed 100 million KRW on domestic exchanges, setting a new all-time high, and posts certifying profits are steadily appearing. On the 13th, an online community saw a post titled "Going to buy Apgujeong Hyundai (apartment) today" go viral. Mr. A, whose verified occupation is listed as a public servant, attached a photo showing his Bitcoin profit rate on the 11th.
Mr. A, whose occupation is listed as a public official, revealed a photo showing his Bitcoin profit rate on the 11th. [Image source=Captured from the office worker community Blind]
View original imageAccording to the photo, Mr. A holds approximately 35.329 Bitcoins. At that time, the valuation exceeded 3.52216 billion KRW. He purchased a total of 2 billion KRW worth of Bitcoin at about 56.75 million KRW per Bitcoin, and as Bitcoin crossed the 100 million KRW threshold, he made a profit of over 1.5 billion KRW. The profit rate reached 75.6%. It appears he posted with the intention of buying the Apgujeong Hyundai Apartment, a representative luxury apartment in Gangnam, Seoul.
Bitcoin investment details disclosed by office worker Mr. C.
[Image source: Screenshot from office worker community Blind]
On the same day, Mr. B, listed as working at a large corporation, also posted a certification with a profit rate of 355%. He shared a photo along with the comment, "When it hit 100 million KRW, the profit rate was 355%. Still half of the principal." Another office worker, Mr. C, shared his asset statement holding about 13 Bitcoins under the title "A day like this comes to me." According to the photo, he made a profit of approximately 790.96 million KRW. Mr. C said, "Over the past three years, I saved 12 Bitcoins enduring an '-80%' drop without eating or spending, and when it exceeded 80 million KRW, I borrowed all the money I had to reach 13 Bitcoins. As a dirt spoon with no house, a day like this comes to me too. I was so moved that I wrote this post. I plan to quit my job if I hit 300 million KRW this cycle."
Bitcoin Hits New All-Time High... "1,500 Millionaire Wallets Created Daily"
On the 11th, as Bitcoin continued its upward trend and surpassed 100 million KRW, the Bitcoin price was displayed on the electronic billboard at the Upbit Customer Support Center in Gangnam-gu, Seoul. Photo by Jo Yongjun jun21@
View original imageOn the 11th, Bitcoin's price temporarily exceeded 100 million KRW based on domestic prices, setting a new all-time high. This surge has reportedly led to a sharp increase in individual investors' trading activity. According to CryptoQuant, a virtual asset market analysis firm, the virtual asset trading volume on the top five domestic exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) reached 58.8 billion USD (approximately 78 trillion KRW) from the 1st to the 7th of this month.
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As Bitcoin continuously breaks its all-time highs, about 1,500 "millionaire wallets" are being created daily, Bloomberg reported on the 11th (local time). According to Kaiko Research, a virtual asset market analysis firm, 1,691 millionaire wallets were created in a single day on the 1st. This is attributed to the approximately 70% surge in cryptocurrency prices this year following the U.S. Securities and Exchange Commission's (SEC) approval of a spot Bitcoin exchange-traded fund (ETF) launch in January. Since the beginning of this year, 10.3 billion USD (about 13.4734 trillion KRW) has flowed into the cryptocurrency market, most of which is Bitcoin.
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