RATE Group | Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister
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Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

30 Nov Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

Posted at 04:27h in Bitcoin News by

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Maksim Oreshkin russia bitcoin



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Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market, the conversation around it has successfully driven significant international interest in a vast number of projects in new fields, principally blockchain technology.

Giving his comments at the event, he said:

“You may recall what I said, for example, last year, when Bitcoin’s price jumped up to $20,000, and now it is lower than $4,000, we said very simple things. Bitcoin itself is a soap bubble, it deflated, that’s what happened. […] Unfortunately, many people were…

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