■ Host: Anchor Kim Seon-yeong ■ Guest: Economic commentator Jeong Cheol-jin The text below may differ from the actual broadcast content. For more accurate information, please check the broadcast. When quoting, please indicate [YTN News NOW]. [Anchor] Since former President Trump was elected, the price of Bitcoin has been on a high, breaking another all-time high. How far will it continue to soar? Economic commentator Jeong Cheol-jin will explain. Welcome. It seems to have benefited the most from the Trump rally, but how high has Bitcoin risen? [Jeong Cheol-jin] It has currently surpassed $96,000 in dollar terms. In Korean won terms, it has risen to 135 million won, but what is unusual is that there is almost no kimchi premium. The reason is that domestic transactions are so active that it is almost following the dollar-based market price. Of course, even before the election day, when Trump was in the lead, the price of coins themselves began to rise, but if you look at the presidential election day, only Bitcoin has surged by almost 50%. Among other altcoins, Dogecoin has risen by more than three times. There are many beneficiaries of the current Trump rally. There are defense industries, domestic shipbuilding industries, etc., but if I had to pick one, it would be coins. It can’t be helped. [Anchor] I ask this question every time you appear, so I try not to repeat it, but it’s the thing I’m most curious about. How high will it go? [Jeong Cheol-jin] That seems unpredictable, but one thing is certain: if you look at President-elect Trump’s actions after being elected, he seems sincere. He’s sincere about coins, and he’s been saying things during his campaign, such as making the United States the capital of virtual assets. He’ll stockpile Bitcoin as a strategic asset for the United States. He’ll make Americans rich through coins, especially Bitcoin. We’re seeing these things come to fruition and put them into practice. [Anchor] So, they are saying that they will create a position in the White House that is in charge of cryptocurrency policy. They are saying that they will support this with policy, right? [Jeong Cheol-jin] That’s right. They are saying that they will not separate cryptocurrency and stocks, but integrate them into one investment asset or a type of asset. In order to do that, there is still a lot of work to be done. In particular, legislation is very important, isn’t it? In order to carry out that work, there is breaking news that they will create another committee-type department that will decide on cryptocurrency policy, but it seems that it is already filled with people who are almost pro-cryptocurrency. Isn’t it called the Securities and Exchange Commission (SEC)? They are actually trying to appoint a cryptocurrency expert as the chairman. But they are also creating another department? I have some doubts about this part, but there are reports about it. [Anchor] They are saying that they will almost turn the country into a coin republic, so what is the background to President-elect Trump changing his policies and investing in Bitcoin like this? [Jeong Cheol-jin] There seems to be a lot of different interpretations of that. First of all, during his first term, when he first took office, he was extremely negative about coins and cryptocurrencies, calling them mirages and frauds. Then, things completely changed starting with the 2.0 era. So, what made Trump so obsessed with cryptocurrencies? Why is Trump so serious about the coin market, including Bitcoin? He is especially serious about Bitcoin. Various interpretations... (omitted) ▶ Original article: https://www.ytn.co.kr/_ln/0102_202411... ▶ Report: https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube channel: http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited.