“Bitcoin is a brand that just costs money because a myth has been created around it.
The whole take-off of bitcoin went under one single idea: it began with the fact that PayPal began to accept it for payment in the fall of last year, it looked like another wave of legalization, then hedge funds came running in there, creating a myth that this is digital gold ", - told Golubovsky.
The expert noted that it is necessary to observe whether a “new myth” will be invented further.
“As a payment system, bitcoin is not sustainable, these are expensive transactions, very energy-intensive.
You will have to look further.
Or this topic will die completely, and this may be a trigger for a correction in the stock markets too ... Maybe this fall will be delayed, and after that another upward rally may be arranged, ”the analyst concluded.
Earlier it was reported that bitcoin has fallen in price by more than half since the April all-time high, dropping below $ 31 thousand.