Economist Potapenko and singer Loza discussed the Bitcoin record: “Dangling like shit in an ice hole”

What’s behind the cryptocurrency surges?

The rate of the most popular cryptocurrency broke a historical value record and immediately collapsed: from $69,000 to $63,000. On Tuesday, March 5, the price of Bitcoin reached a new all-time high. At the moment, the rate of the popular cryptocurrency exceeded $69,000 per coin and updated the historical maximum reached in November 2021. In general, Bitcoin rose in price by 60% over the month.

Today, the price of Bitcoin during trading decreased by more than 10% (data from the Coindesk platform). Bitcoin fell below $63,000 in four hours. It is down nearly 6% from its new all-time high.

“My 0.2 bitcoins make me feel like a wealthy macho,” the owner of the digital currency, entrepreneur Vitaly Solopov, shared his joy with MK yesterday. What is happening to the cryptocurrency rate? And we found out from an expert what to expect from her next.

– Quite a strange story. 0.2 Bitcoin – just $12,000, the usual amount. Okay, for some this is a significant number. I would understand his joy if he owned 100-200 bitcoins,” economist Dmitry Potapenko comments to MK. – I periodically use Bitcoin as a means of payment. They need to pay, it doesn’t need to be accumulated.

The more instability there is in the world, the greater the chances for the Bitcoin rate to strengthen. Fears of the risk of a bubble bursting are misplaced here: private money cannot disappear. This is a payment resource. But money has always existed, just like in Soviet times, foreign currency rubles were the same proxy money.

The prospects for further growth of the most popular cryptocurrency are highly volatile. Bitcoin will most likely float around like shit in a hole. In my forecasts, I would put plus or minus 15% for the next year,” says economist Potapenko.

“Nobody knows what Bitcoin is,” singer Yuri Loza comments on the long-term growth of the MK cryptocurrency. The famous musician, who received a higher education in economics at the age of 40, said that he does not intend to have anything to do with digital currency. – Let me at least hold it in my hands! It has no equivalent. It’s some kind of vague thing, I’m not going to mess with it. Virtual currency is the same pyramid. As long as people walk, it grows. They stop investing, it will collapse, no one will return anything.