Bitcoin defied like a 'soap bubble': Russian Minister of Economy
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The Russian economic development minister Maksim Oreshkin has said that Bitcoin has been deflated like "soap bubble", but it has positively influenced the world by promoting investment in new technologies.
Talking to the media on Wednesday in an investment forum, Russia Calling by VTB Capital, Oreshkin said that despite the problems of the crypto market, its surrounding talks successfully led to the significant international interest in large number of projects in new areas. It is mainly blockchain technology.
For example, last year, when you increased the price of bitcoin to $ 20,000, you can now remember, and now it's less than $ 4,000, we said very simple things. Bitcoin itself is a soap bubble,
it is defaced, and that’s exactly what happened. Unfortunately due to their investment in cryptocurrency, many people were affected but again it was in the context of new technologies and new businesses. It gave a positive enthusiasm.
0.000 SRY