Former deputy head of the Ministry of Finance of Russia, the President of the Black Sea Bank of Trade and Development Dmitry Pankkin called the main risk for Bitcoin. He told RIA Novosti.
According to him, largely risks are associated with the fact that cryptocurrency does not depend on central banks and there is no economic basis under it. “As for cryptocurrencies, I do not see here the economic basis – the central bank must stand for the currency, the country’s trust,” he commented. Pankin added that, in general, the crypton is now even more unpredictable risk than in the foreign exchange market or securities market.
previously analysts warned that the cost of Bitcoin can collapse up to 20 thousand dollars per coin. Experts noted that now cryptocurrency is approaching a psychological mark of $ 30 per coin, and when the cost falls below this plank, a large-scale sale of cryptoacivals can begin.
On the other hand, many continue to believe in the long-term prospects of Bitcoin. For example, Salvador became the first country where Bitcoin turned into a legal means of payment. Now prices can be installed in Bitcoins, tax contributions can be paid in digital currency, and exchanges in bitcoins will not be taxed by capital gains.
After solving Salvador, the Bitcoin cost increased by 13 percent – up to 37.17 thousand dollars. However, the most popular cryptocurrency is still very far from its record high of 64.82 thousand dollars, which was achieved in April, stated CNBC.