US rating down... Bitcoin tops $106,000 for first time in four months

As Moody's, one of the three major global ratings agencies, downgraded the US sovereign credit rating, the price of Bitcoin (BTC), which is considered "digital gold," hit $106,000 for the first time in four months.
As of 9:43 a.m. on the 19th, the price of Bitcoin in South Korea on BitSom was 149,646,000 won (approximately US$145,200), up 0.44% from the same time the previous day.
At the same time, according to CoinMarketCap, the price of Bitcoin overseas was trading at $105,624 (approximately JPY 15.33 million), up 2.24% from the same time the previous day.
Bitcoin, which traded at the $103,000 range over the weekend, hit $106,847 at one o'clock that morning.
This is the first time in four months since January of this year. The rise in Bitcoin prices is due to the downgrade of the US national credit rating. Moody's announced on the 16th of last month (local time) that the US national credit rating has been lowered.
The US government has downgraded its debt rating by one notch from the highest Aaa to Aa1, citing rising debt and interest payment costs. Moody's also downgraded the US government's rating for the first time since 1917.
It is speculated that the funds were transferred to Bitcoin, which is considered to be "digital gold."
Global investment bank JP Morgan said, "Bitcoin has outperformed gold in the past three weeks.
"We have seen a phenomenon where prices are rising as a result of these products being substituted for other products."