1. Introduction to the text
This article discusses the recent drop in Bitcoin prices and the implications for investors, particularly the CEO of the investment firm Microstrategy, who is a major Bitcoin holder.
2. Vocabulary
| Korean Word | Romanization | English Meaning | Contextual Example |
|---|---|---|---|
| 비트코인 | bitkoineun | Bitcoin | Bitcoin prices have plummeted recently. |
| 개미 | gaemi | small investors | The CEO says he will throw the small investors under the bus. |
| 묶어놓고 | mugeojwineogo | to tie up, to trap | The CEO has trapped the small investors. |
| 먼저 | meonjeo | first, beforehand | The CEO says he will sell his Bitcoin before the small investors. |
| 던지겠다 | deonjigessda | to throw, to discard | The CEO says he will throw the small investors under the bus. |
| 회장님 | hoejangnim | chairman, CEO | The CEO of Microstrategy is mentioned in the article. |
| 세일러 | seilleo | Saylor (a person’s name) | Microstrategy CEO Michael Saylor is a major Bitcoin holder. |
| 있다 | issda | to have, to exist | Microstrategy has a large amount of Bitcoin. |
| 스트레티지 | seuretijiui | Microstrategy (company name) | Microstrategy is a company that holds a large amount of Bitcoin. |
| mNAV | mNAV | Microstrategy’s net asset value | Microstrategy’s net asset value is below 1, meaning its market capitalization is less than the value of its Bitcoin holdings. |
3. The main text in both Korean and English
최근 주가 폭락한 스트레티지 비트코인 매각 가능성도 열어 지난달 자신의 엑스에 “버텨라(HODL)”라는 짧은 메시지를 게시했던 마이클 세일러 스트래티지 CEO.
Michael Saylor, the CEO of Microstrategy, who posted a short message “HODL” on his Twitter last month, has also opened the possibility of selling Microstrategy’s Bitcoin, as the company’s stock price has plummeted recently.
전 세계에서 비트코인을 가장 많이 보유한 스트레티지의 마이클 세일러 회장이 매각을 언급하면서 가상자산 가격이 일제히 급락했다.
When Michael Saylor, the chairman of Microstrategy, which holds the most Bitcoin in the world, mentioned the possibility of selling, the prices of cryptocurrencies plummeted across the board.
이날 한때 비트코인은 8만5653.11달러까지 내려 8만6000달러선 아래로 밀렸다. 오후 4시 기준 이더리움(-5.67%), XRP(-6.92%), BNB(-5.03%), 솔라나(-7.05%) 등 주요 알트코인도 함께 큰 폭으로 하락하고 있다.
At one point on that day, Bitcoin fell to $85,653.11, dropping below the $86,000 level. As of 4 PM, major altcoins such as Ethereum (-5.67%), XRP (-6.92%), BNB (-5.03%), and Solana (-7.05%) also declined sharply.
스트레티지와 같은 비트코인 비축 기업들은 매수 시점과 규모를 주황색 점을 통해 나타낸다. 그동안 세일러 회장은 “비트코인을 절대 팔면 안 된다”고 주장해왔다.
Bitcoin-holding companies like Microstrategy indicate the timing and scale of their Bitcoin purchases through orange dots. Until now, Chairman Saylor has argued that “Bitcoin should never be sold.”
mNAV가 1 미만이란 것은 스트레티지 시가총액이 보유한 비트코인 자산 가격을 밑돈다는 뜻이다.
The fact that mNAV is less than 1 means that Microstrategy’s market capitalization is lower than the price of the Bitcoin assets it holds.
개미들 묶어놓고 먼저 던지겠다는 회장님.
The chairman says he will first throw the small investors under the bus after trapping them.
4. Reading comprehension questions
- What is the main reason for the recent drop in Bitcoin and other cryptocurrency prices?
- How much Bitcoin does Microstrategy hold, and how does this compare to other companies?
- What has been Michael Saylor’s stance on selling Bitcoin in the past?
- What does Microstrategy’s mNAV value below 1 indicate?
- How does the article characterize the CEO’s attitude towards small investors?
5. Cultural and historical notes
The article discusses the impact of major Bitcoin holders on the cryptocurrency market, particularly the actions of Microstrategy CEO Michael Saylor. This highlights the significant influence that large institutional investors can have on the volatile cryptocurrency ecosystem, and the potential risks for smaller individual investors.