Golubovsky explained that the Bitcoin growth trend is associated with the interest of the common population in cryptocurrency.
“It takes off because in America a lot of money was handed out to the people, and the people do not know what to do with it ... The trend of Bitcoin's growth this year began in the spring, when Trump began sending out financial aid checks.
Since savings rates always jump during a crisis, people do not spend money, but make "nest egg", - the expert believes.
According to the analyst, the fact that this bitcoin market is low-liquid and popular among the young population played a role in the growth of the cryptocurrency.
At the same time, he stressed that such financial trends do not have significant fundamental foundations.
“Is there something fundamental underneath - no and never was;
this is just a speculative toy ... If we talk about the reason for these movements, then, as traders say, they are purely technical in nature, ”said Golubovsky.
However, in the future, the expert explained, it is worth preparing for the fall in the value of bitcoin.
“The topic has already gone to the masses, and now those who have“ slept through ”all the growth (bitcoin. -
RT
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will come
.
Those who slept through all the growth can give another 10 percent up, the bitcoin rate will reach $ 30 thousand, after which it will collapse, and twice, ”the specialist predicts.
Earlier, as reported on the CoinDesk website, the price of bitcoin exceeded $ 28 thousand.