The head of the Ministry of Economic Development of the Russian Federation, Maksim Oreshkin, considers that the cryptocurrency is an ordinary “soap bubble”, which has already been blown away.
According to RBC, the minister said that the bitcoin collapsed led to the fact that many investors have suffered heavy losses.
The official stressed:
“When Bitcoin's price jumped up to $20,000, and now it is lower than $4,000, we said very simple things: Bitcoin itself is a soap bubble, it deflated, that's what happened.”
Oreshkin also said that officials warned investors buying up digital assets that they shouldn't play with fire, as the cost of bitcoin could collapse at any moment, and that happened.
Many investors have lost their money since they first encountered a qualitatively new type of investment.
However, we can note the positive side of introducing financial technologies into our lives. Business can grow more rapidly due to the use of Blockchain technologies.
Earlier it was reported that against the background of the fall of bitcoin and altcoins rates, the Russians began to massively sell equipment for mining. Some mining device owners are ready to make a big discount to sell them as quickly as possible.
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