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State Duma deputy pointed to the main reason for the rise of bitcoin

Bitcoin in the context of global financial instability has secured the status of an asset with which you can preserve your capital. Fiat currencies are depreciating and investors are looking for alternative instruments, said Sergei Kalashnikov of the State Duma’s Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship. The MP argues that the fall in the attractiveness of currencies such as the dollar, yen and the British pound was a key driver of the soaring price of bitcoin. The US authorities, for example, are wary of the rise in popularity of BTC, so they are accelerating the launch of the digital dollar. According to the parliamentarian, more and more people in the world are beginning to perceive cryptocurrency as the best form of capital preservation. At the same time, Kalashnikov emphasized that speculators are entering the crypto sphere and shaking this market. It is these players who exacerbate the volatility of bitcoin and provoke both its rise and fall. At the end of last week, BTC came close to $ 28,000, but the coin has not yet been able to reach $ 30,000. On Monday, December 28, Bitcoin is trading just above $ 27,000.

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