Bitcoin May Rise To $20,000, But Will Eventually Collapse: Russian Parliamentarians

Bitcoin May Rise To $20,000, But Will Eventually Collapse: Russian Parliamentarians

Bitcoin has potential for enormous growth, but this growth is unstable, owing to which there are significant risks of a crash, according to deputies of the Russian Duma. Bitcoin scaled new heights this week, and surged past a record-breaking $7000. The spike marks an increase of more than sevenfold since the start of the year, when Bitcoin’s price was around $1000. While the price surge has validated supporters of cryptocurrency, the significant increase has also given rise to concerns about Bitcoin’s volatility. During an interview with RT , Chairman of the State Duma Financial Market Committee, Anatoly Aksakov, said […]