"Bitcoin Rising, Impacting Gangnam Real Estate"...Is the market overheating? [Y Record]

■ Host: anchor Yoon Jae-hee
■ Starring: Kwon Hyuk-joong, economic critic

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◇Anchor> Some say that the higher the bitcoin goes, the higher the real estate price. This means that virtual currency funds will eventually move to the real estate market, but is this credible?

◆Kwon Hyukjoong> This is an interesting paper. A university professor published a paper on how virtual assets affect other asset markets, and it was interesting. What it's about is a survey from 2014 to 2023. In short, we saw the volatility of cryptocurrency and the volatility of our apartment market. But when I saw it, the price of the apartment went up when the cryptocurrency went up. But the price of the apartment here is not the price of the apartment across the country.

I heard that high-priced apartments in Gangnam went up. So this is not a causal relationship. It's just a correlation, a relationship in a word. But the reason is that people in their 20s and 30s actually invested a lot in virtual currency. It's from 2014 to 2023. As you know, I've run a few times. Especially recently, during the COVID-19 era in 2020 and 21, we jumped a lot. At that time, if people in their 20s and 30s made a lot of money. They bought an expensive apartment in Gangnam. So it's been investigated, but this doesn't mean there's a lot of this

There are one or two, but the problem is that it went up so much when we saw it on the news? Did you jump this much? No way, this is how you do it. But if you look at where the funds came from, people who made a lot of money by investing in coins in their 20s and 30s live at ridiculous prices. That's what drives the market. So it can be seen as a very interesting thesis, and I think these things are correlated to some extent. But there are actual cases like this. in the coin market industry Therefore, it seems right to really affect real estate in the market.

Excerpted from
: Lee Sun Digital News Team Editor

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