Bitcoin plunges, the legal currenci...
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Bitcoin plunges, the legal currencies El Salvador are upset on the first day
Bitcoin, a cryptocurrency asset (cryptocurrency), has plummeted by nearly 20 % on July 7, and has been swaying in Central America El Salvador and market officials, which were first introduced in the world as legal currency.President Bukele, who has been actively promoting the introduction, tweeted, "I have bought more."
The price of bitcoin was about $ 50,000 per coin (about 5.5 million yen) per coin on the morning of the eastern part of the United States, but dropped to the $ 43,000 level just after 11 am.Compared to the highest value on the same day, the decline was about 18%temporarily.Immediately after, the value was returned to the $ 47,000 level, and the price was traded in the $ 45,000 level at the time of the early morning of the 8th.
El Salvador has made US dollars, which have little foreign exchange fluctuations for the purpose of stabilizing economics, as a legal currency, but in June this year, the law with Bitcoin as a legal currency was passed.Started operation on the 7th.
The Bukele administration has newly established Bitcoin ATMs in which the people can convert bitcoin to US dollars.A $ 150 million fund was set up for cash.
In addition, a digital wallet "Chibo", which is an electronic wallet used for payment, has been developed.In order to encourage the use, it has announced that if you download and register this app on your smartphone, you will give a bitcoin worth $ 30.However, only the Huawei (Huawei) phone was able to download the app on this day.Bukele asked Google and Apple to use the app.He called on the people on Twitter, "Let's go slowly."
Bitcoin is one of the encryption assets traded online, and there are no banknotes or coins.The El Salvador Economy is mainly dependent on remittances from American migrants, and last year's remittance is about $ 6 billion, reaching 20 % of GDP (GDP).Bukele claims that the use of bitcoin can save about $ 400 million per year the remittance fee paid by the people.
In addition, 70 % of the people do not have a bank account, but Bitcoin can trade many people into economic activities because they can trade on smartphones."Financial inclination", which allows everyone to use financial services, is also important in reducing poverty and correcting income disparities, and has been listed in the UN's "Sustainable Development Goals (SDGS)".。
The people are critical
But the people are critical.A public opinion poll conducted by the Central American University of El Salvador in August that 70 % should abolish the bitcoin method.According to local reports, a demonstration was held in San Salvador, the capital, opposing bitcoin introduction.
Masahiro Ichikawa, a Sumitomo Mitsui DS Asset Management, pointed out that "the market may have been conscious of the creditworthiness of encrypted assets and have been restricted by the expansion of users," said Sumitomo Mitsui DS Asset Management.Bitcoin, which is the target of the surplus funding of the monetary easing of the corona, says, "It is a very vulnerable market price, and the price movements continue to be intense."(Sao Paulo = Gen Okada, New York = Takayuki Maumi, Senin Inagaki)
