RAKIB: The role of Bitcoin will continue to grow

In a press conference on the topic: “The return of Bitcoin. The future of cryptocurrencies in Russia" in informationNational News Service Agency was attended by Yuri Pripachkin, President of the Russian Association of Cryptocurrencies and Blockchain (RACIB)

According to Yuri Pripachkin, significancecryptocurrencies are growing in world economic processes, and the role of bitcoin as a cryptocurrency standard will continue to grow in the future, regardless of the appearance of new altcoins or the withering away of old ones. An assessment of the cryptocurrency market and its potential should take into account over-the-counter trading, which currently focuses on the main trading volumes, Pripachkin believes.

Commenting on the issue of legislative regulationIn this industry, the head of the RACIB noted that it cannot be truly effective in the absence of a new model of economic development. The model must be adequate to those digitalization processes that determine the appearance of a new socio-economic formation in the world.

“Otherwise we can only get a setnew technologies that will be designed to “optimize” analog processes, but will leave Russia outside the international leadership,” — noted Pripachkin.

The key to a new concept that can providea breakthrough is the concept of a digital profile. It is around this basic essence that a new system of relations arises, which should be reflected both in legislative acts and in the general change in managerial thinking at all levels.

In addition to the head of the RAKIB, Yuri Pripachkin,The press conferences were attended by First Deputy Chairman of the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship Nikolai Arefyev, Internet Ombudsman Dmitry Marinichev and Dmitry Zavorotny, Head of the Center for Economic Strategies at the New Society Institute.

In just a week, the first time since August 2018,Bitcoin exchange rate soared in value and overcame the mark of $ 8 thousand, again forcing to attract attention. The opinions of cryptocurrency market experts and economists were divided into opposing opinions - some believe that the price of bitcoin will not last long even at today's level, while others believe that the growth of bitcoin is inevitable and even the calls of senators and deputies to prohibit cryptocurrency will not hinder it.

Let us remind you that Bitcoin has grown byalmost double the price. At the beginning of April, the coin cost over $4,100, then a period of growth began. On May 12, the coin cost $7,300; at the time of writing, the price is at $7,900. Analyzing the situation, expert Tom Lee from the consulting firm Fundstrat said that Bitcoin is moving into a “bull market.”

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