Bitcoin Predicted to Reach $90k by 2024, According to Russian Crypto Expert
The President of the Russian Association of Cryptocurrency and Blockchain (RACIB), Yuri Pripachkin, has made a bold prediction that Bitcoin will reach $90,000 before the end of 2024. Pripachkin believes that BTC prices will continue to rise and that the volume of investment in tokens, including Bitcoin, will increase in the coming months.
Potential for Even Higher Prices, Says Russian Financial Analyst
Financial analyst Mikhail Belyaev agrees with Pripachkin’s assessment and suggests that circumstances could push Bitcoin prices even higher. He believes that the much-talked-about $100k mark is within reach if certain situations arise, such as a deterioration in the world situation or threats to the geopolitical status quo.
Growth Depends on Belief in Bitcoin
Belyaev emphasizes that belief in Bitcoin is key to its growth. As long as there are people who believe in it and continue to buy and sell it to each other, he believes that Bitcoin prices can continue to rise. He acknowledges that Bitcoin’s value is based on blind belief but also acknowledges that faith is indestructible.
Potential Risks for Russia’s Crypto Sector
Pripachkin has expressed concerns about Russia’s regulation of the crypto sector. He believes that these measures may lead to an exodus of high-tech businesses from the country. This could have significant consequences for Moscow’s plans for crypto-powered trade with Tehran and its overall position in the crypto industry.
In Conclusion
The head of RACIB predicts a bright future for Bitcoin, with prices potentially reaching $90,000 by the end of 2024. However, there are both optimistic and skeptical voices within the Russian crypto community. While some experts believe that Bitcoin’s growth has no limits, others caution that it is based on blind belief and may be vulnerable to market fluctuations. The regulation of the crypto sector in Russia also poses potential risks, as it could drive businesses away from the country. Only time will tell how these predictions and challenges will unfold.
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