“Bitcoin's uptrend remains strong, so short positions are doomed to fail.

We expected the cryptocurrency to rise to $61.5 thousand by May 2024.

But the demand for it has exceeded expectations, and there are fewer and fewer people willing to sell.

Without rollbacks, the price could reach $63.5 thousand by March 17,” explained RT’s interlocutor.

According to him, “Russia also added optimism.”

“According to the Industrial Mining Association, the country ranks confidently second in the world in Bitcoin mining and provides serious competition to the American industry.

If the expected balanced regulation is adopted, the market volume in Russia within two to three years could more than double and exceed the US indicators,” concluded RT’s interlocutor.

Earlier it became known that the cost of Bitcoin exceeded $57 thousand for the first time since December 1, 2021.