RACIB Executive Director commented on the Bitcoin Rally

18. November 2020

According to Alexander Brazhnikov, Executive Director of the Russian Association of the Crypto Industry and Blockworkers (RACIB), bitcoin will continue to grow in price.

In a conversation with RT TV journalists, he Bitcoin Code software noted that the rally we are now seeing was won by those investors who bought BTC after the March collapse („Black Thursday“).

Players who bought crypt currency on the fall had no doubt that its growth would soon resume. As a result, they were right and not only recouped their investment, but also managed to increase their income significantly thanks to the rise in the price of bitcoin to $18,000.

This week, the largest digital currency tested values above $18,000 for the first time since December 2017. Then, as part of the correction, there was a rollback, and now BTC is trading at $17,780.

RACIB Executive Director said that following PayPal, many payment systems and banks will start launching cryptographic services. The attitude towards Bitcoin has changed and it is no longer seen as „an interesting action or a phantom“.

Brazhnikov joined those experts who predict that by the end of 2020 Bitcoin will reach $20,000 without problems.