[New Square 10] "Super close" U.S. presidential election count...Virtual Currency Market 'Running'

■ Host: Anchor Park Seok-won. Anchor Um Ji-min
■ Starring: Kim Dae-ho, Director of Global Economic Research Institute

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN New Square 10AM] when quoting.

[Anchor]
The asset market is also fluctuating in a very close situation. In particular, Bitcoin is expected to soar to the 'dream price range'. Let's go over the relevant content. We invited Kim Dae-ho, head of the Global Economic Research Institute. Welcome.

[Daeho Kim]
Nice to meet you.

[Anchor]
We just pointed out the current status of the vote count, and it's still too early to judge the victory or defeat, but the asset market reflects this very quickly. What's the atmosphere of the market?

[Daeho Kim]
Now it's the afternoon of sleeping in the United States, which is the end of our daily lives. Therefore, the New York Stock Exchange, the foreign exchange exchange rate market, futures, and international oil prices are all closed now. However, virtual currency is open 24 hours a day. So, the financial market's response seems to be an index that reflects expectations right before the vote deadline and expectations of who will win or who wants to win.

First of all, the stock price of the New York Stock Exchange rose a lot. In this regard, both candidates were expected to pursue their election pledges in earnest as uncertainties were resolved, but Trump-related stocks are often viewed as oil refining stocks and energy stocks, but Harris-related stocks such as Chinhwan-Gyeongju, electric vehicles, batteries, and related stocks rose a little more than that.

So in the market, the pollsters were very tight between Trump and Harris, but investors put a little more weight on Harris. But Bitcoin is a little different. It's been trading 24 hours a day, and preferences are so divided, and bitcoin investors are also seeing some exit polls at the beginning of the vote count, and in some areas, there are many districts in the east where former President Trump is expected to win in a landslide.

As a result, President Trump is outpacing Harris in the early stages. In that sense, the price of bitcoin, in particular, is rising further. However, as time goes by, the gap may narrow and there is a possibility of a reversal, so the financial market is very nervous and lurking, so I think it can be seen as a cautious atmosphere.

[Anchor]
Does Bitcoin go on a similar trend to Trump's rise? Why are you following me like this?

[Daeho Kim]
That's right. During the first period, President Trump suppressed Bitcoin very much. So, Bitcoiners said a lot of things like, "I hope President Trump doesn't run again," and I don't know if he was conscious of this, but President Trump has completely changed his strategy as he runs for the second president this time. I will reserve Bitcoin as a national strategic asset. Strategic assets are, for example, the government holds a certain amount of oil and crude oil so that they can be used in a national emergency.

President Trump left the White House alone and thought for himself: Bitcoin is led by China and the U.S. is alienated from the center of gravity of Bitcoin. So the U.S. will take the lead in setting up Bitcoin with strategic assets. That's how I made a pledge to make related laws. Not only that, but President Trump himself now holds a huge amount of Bitcoin. As a result, there is an expectation that if President Trump is elected, there will be a huge explosion that will rise to $200,000 and more.

Harris will also compete here, so the Democratic Party, Vice President Harris, and we will foster Bitcoin. Both candidates are doing this right now. Of course, President Trump's pledges are much stronger, so the higher the likelihood of President Trump's election, the greater the price of Bitcoin for the time being.Ma, however, is now that candidate Yang has promised to foster all of Bitcoin, so it seems difficult to judge that President Trump will prevail just by rising Bitcoin.

[Anchor]
Let me take a look at the stock market as well. The New York Stock Exchange closed higher, but in the end, uncertainty is resolved to some extent and investor sentiment is revived. As you mentioned earlier by stock, Tesla stopped being weak on the day of the presidential election. Nvidia Reclaims Top Market Cap What can we read with this?

[Daeho Kim]
Tesla and Nvidia are representative IT technology stocks right now, but overall, Harris' support, or Silicon Valley, is closer to the Democratic Party. But Tesla is a little different. Tesla is classified as eco-friendly when it comes to electric vehicles, so it's closer to the Democratic Party, but Tesla's owner and manager Elon Musk paid a huge amount of money in this election, and he took the lead in traveling around the country to dance and really did all-in in the election for President-elect Trump.

From that point of view, the rise in Tesla's stock price was more betting on Musk's rise than Harris's. Expectations were very high, so you can see it like this, but now the New York Stock Exchange is at night and there is no normal trading, only futures are traded, but individual stocks are not traded in futures. Only Jisoo is traded. The index is also going up now, and in order to analyze the situation with individual stocks, it will be necessary to take a closer look at the opening of the New York Stock Exchange when it opens a few hours later.

[Anchor]
What we're most curious about is who will be more helpful to our household, who will be more helpful to our economy?

[Daeho Kim]
Right now, in our economy, for now, Harris actually has no particular commitment economically. He inherited it because Biden resigned, and he is not an economist himself. Even if you look at the results of this exit poll, most of the people who said they took it because of the economy took Trump. On the contrary, people who took it because of democracy or abortion took it because of Harris, and exit polls now show that they took it because of her. If you look at the economy alone, you can see that the center of gravity is on Trump's side and the U.S. domestic economy is on Trump's side.

The situation is different internationally. Harris, the current presidential candidate to succeed President Biden, is unlikely to make any significant changes by continuing President Biden's policies if elected, while President Trump is signaling a number of new changes, one of which is particularly worrisome is the tariff bomb. Tax, isn't President Trump's name Trump? Tariffs are in English, so every time President Trump talks about economic issues, there are even rumors that it is a trip, and some media outlets say it is a trip Trump. If tariffs are hit, the U.S. balance of payments will improve in the mid- to long-term.

The American industry will be protected. However, from the standpoint of living through exports, exports to the United States may be put on a brake. But you have to divide this into two. One pledged to hit 20% of tariffs universally around the world, and 60% against China. So, at first glance, hitting China more may be advantageous for Korea, but since many of our products go through China again, it seems that we will have to solve complex higher-order equations.

[Anchor]
I see. Let's stop here. So far, I've been with Kim Dae-ho, director of the Global Economic Research Institute. Thank you.