<Anchor>

friendly economic reporter Kwon Aeri is listed. Today (the 5th) is a Twitter story. I know from a post that Elon Musk posted on Twitter yesterday, but when you enter Twitter, you say that there is also an unfamiliar screen, what is it?

<Reporter>

Yes. First of all, if you look at this post, there's a dog sitting in the driver's seat and a bluebird on the driver's license that was held out to the police.

The dog is saying "it's an old photo" about something that doesn't look too much alike. I'm sure many of you have already recognized both.

The dog is the symbol of the virtual asset Dogecoin, and the bluebird is the logo of Twitter.

Elon Musk is talking about wanting to change the Twitter logo he acquired from this bluebird to the dogecoin symbol Shiba Inu.

In fact, even now, when I access Twitter on my laptop instead of my phone, I see that yellow dog, not a bluebird, floating in the bluebird's place.

Musk also posted a conversation he had with another Twitter user a year ago.

A Twitter user called Chairman said last year, "You just buy Twitter and turn your logo into Dogecoin."

You're saying that what you used to jokingly say with someone else, now that you've taken over Twitter, you can really do it.

That Twitter user who spoke with Musk is actually a well-known person.

Two years ago, there was a battle between large asset managers and retail investors over the stock of GameStop in the United States.

It was an incident that was reported a lot in Korea, and it was one of the people who led the mood of individual investors on Twitter at that time.

In other words, Elon Musk, a Twitter user called "Chairman," or someone who has experience controlling the flow of money by driving public opinion online.

<Anchor>
In fact,
the price of that crypto Dogecoin increased significantly in one day?

<Reporter>

Yes. This is the price flow of Dogecoin as of last night. The sudden vertical spike over there right now is the situation yesterday morning in our time.

It quickly soared nearly 30% and has remained in the low 20% range ever since. It's the same now.

It could just be seen as a one-day happening caused by another freak by the world's most famous billionaire.

It has a lot of implications for the current state of virtual assets. Dogecoin has been a joke since the start.

In 2013, two software developers took a picture of this dog, a so-called meme, that was very popular on the internet at the time and turned it into a prank.

But Elon Musk became famous a few years later when he kept mentioning Dogecoin.

Every time Musk said something about Dogecoin that he didn't know if it was serious or joking, the price would continue to surge and plummet, creating a big market.

To say that it is a coin that is traded only as a joke, its market capitalization is still hovering around at least 18 trillion won, and at one time it even exceeded 100 trillion won.

<Anchor>

It seems that the market capitalization has fluctuated back and forth between 10 trillion won and 100 trillion won in just two years, but it seems that the volatility is too great.

<Reporter>

Yes, it's too big. Cryptocurrencies used to be more commonly referred to as cryptocurrencies.

However, as the perception that it should not be given a monetary character is growing more and more, the expression "virtual asset" is now used much more not only in Korea but also in international conferences.

At the beginning of the emergence of virtual assets, it may be a democratic currency different from the previous money.

It is not money printed by the central bank of each country, but anyone can make it, but it can be a transaction means that has both anonymity and reliability with blockchain technology. I had this expectation.

As we saw in yesterday's happening, when a famous billionaire shows interest or there is a public outcry online, there is a growing perception that it will be difficult to use a coin that can easily fluctuate in value.

There was once talk of creating stability with coins that pegged value to the dollar, so-called stablecoins.

Most of the most fraudulent virtual asset cases, such as the recent Terra Luna incident in Montenegro, have been more damaging to this stablecoin.

Bitcoin, which has a fixed amount of issuance and is the representative of the coin, is now considered completely a type of asset.