“The high demand for cryptocurrency is associated with the fears of players in the stock market that a sharp destabilization of the stock market is possible, a fall in stock indices in the near future, and in this regard, some of the players are investing in such risky assets as cryptocurrency,” the expert said.
According to him, one should not forget that "bitcoin is primarily a speculative asset."
“There is no need to look for special fundamentals under the movement of cryptocurrencies, because unlike stocks, bonds and futures, there are no real assets behind Bitcoin.
Therefore, here its movement is associated with the position of the players on the stock market, who seek to make money on price fluctuations, "concluded Kolganov.
Earlier, during the trading session, bitcoin rose by 4.97% and reached $ 68.519 thousand.