Bitcoin is a speculative investment tool because its price is unpredictable or unpredictable. He told this to the broadcast “lenta.ru” Candidate of Economic Sciences Nikolai Kulbaka.
According to him, the cryptocurrency rate is determined solely by the demand of speculators, so it is almost impossible to predict it. Kulbaka noted that Bitcoin cannot be considered an investment tool because its value can fluctuate greatly. Moreover, it is absolutely not controlled by any institution or country.
“As a rule, many events are happening in the market at the same time. In this case, growth can be attributed to events in the Middle East and other things. There are many factors and they all work differently; It is very difficult to tell which one works more or less,” the economist shared.
Last week, Bitcoin’s price increased by almost 10% and reached $30 thousand. exceeded 34 thousand dollars
It was before named The date of the next peak in Bitcoin value.