Yuri Pripachkin, who serves as president of RACIB (Russian Association of Crypto Industry and Blockchain),is optimistic about the future outlook for Bitcoin.
He believes that until the end of 2021,a steady trend towards strengthening the BTC rate. Even if there is a correction, all the same, in the long term, the upward dynamics of the movement of the cryptocurrency will remain, the RT channel quotes the expert.
Pripachkin was among those experts whohave already commented on Bitcoin's spike above $ 49,000. According to him, the accumulation continues, as BTC is already perceived by many investors as digital gold.
The head of RACIB said:
«The amount of free money that is directed [by traders] to the crypto market is growing. Therefore, the rate will continue to rise.
At the end of last week, bitcoin triedovercome the resistance around $ 50,000. On some trading floors the coin reached $ 49,500 on Sunday, February 14, but it did not have enough strength for a new leap, and on Monday night it rolled back to $ 48,845.
However, not everyone in Russia is in the same mood.optimistic, like Yuri Pripachkin. Some politicians and experts, on the other hand, believe that Bitcoin will soon collapse to zero, and investors will lose their money.
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