Former Finance Minister Zadornov Compared Bitcoin with a Pyramid Scheme
“As a professional financier, I generally exclude from any serious analysis, perception. There was Mavrodi and MMM: for me, bitcoin is a synonym for about the same pyramid. An asset behind which there is absolutely no real consumer value, therefore it is absolutely an accident, and it would be very strange to perceive it as a real investment asset, "he said in an interview with the Russia 24 TV channel.
Bitcoin has risen in value for four consecutive weeks since the end of January. During this time, it has risen in price by about 1.7 times, and at the end of the last one broke another historical record of 58 thousand dollars. After that, the value of the cryptocurrency fell sharply downward, going below the psychological mark of 50 thousand. Today it continues to decline moderately and is kept around the $ 49,000 mark.
From January 1, Russia was officially allowed to buy, sell and store cryptocurrency, but it is impossible to pay for goods and services with it. And on February 17, the State Duma approved in the first reading a bill providing for appropriate taxation.