The State Duma of the Russian Federation named the main reasons for the rise in the price of bitcoin

Bitcoin, in the context of global financial instability, has secured its status as an asset, with the help ofwhich you can save your capital.

Fiat currencies are depreciating and investors are looking foralternative instruments, said Sergei Kalashnikov of the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship.

The deputy claims thatthe fall in the attractiveness of currencies such as the dollar, yen and the British pound was the key driver of the soaring bitcoin price... The US authorities, for example, fear the rise in popularity of BTC, so they are accelerating the launch of the digital dollar.

According to the parliamentarian,more and more people in the world are beginning to perceive cryptocurrency as the best form of capital preservation.

At the same time, Kalashnikov emphasized that speculators are entering the crypto sphere and shaking this market. It is these players who exacerbate the volatility of bitcoin and provoke both its rise and fall.

At the end of last week, BTC came close to $28,000, but the coin has not yet been able to reach $30,000. On Monday, December 28, Bitcoin was trading just above $27,000.

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