Elvira Nabiullina, Chairman of the Central Bank of Russia, said that bitcoin is a rather volatile and risky asset and cannot be considered a currency.
During a press conference on Friday, Nabiullina noted that recently, interest in the first cryptocurrency among the population has grown significantly, and this was facilitated by a sharp increase in the asset. However, this does not negate the risks of investing in bitcoin. On the contrary, the risks of falling have only become higher, said the chairman of the Central Bank of the Russian Federation.
“My attitude towards private cryptocurrencies, including bitcoin, has not changed. And this price increase only shows the potential for volatility of such private cryptocurrencies. To be honest, the price of bitcoin does not even affect its essence. In our opinion, this is not a currency. There is interest in this asset, but the risks were the same, remain, and maybe even intensify. History has shown that this is a very volatile asset – how it grows rapidly in price, it can also fall, ”said Nabiullina.
Recall that now the Central Bank of the Russian Federation is developing a digital ruble. Testing of the national digital currency should begin this year. Earlier, Nabiullina said that in the future, Russian pensioners will even be able to receive pensions in digital rubles.
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