Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Anton Siluanov said he may buy cryptocurrency in the future

Anton Siluanov said he may buy cryptocurrency in the future

HappyCoinNewsHappyCoinNews2024/11/22 10:00
By:HappyCoinNews

During an interview with journalists from the Russia-24 TV channel, Russian Finance Minister Anton Siluanov expressed interest in acquiring cryptocurrency in the future. At the same time, the head of the financial department emphasized that he does not currently have a cryptocurrency wallet.

He recalled that cryptocurrencies can be considered a profitable instrument for foreign trade settlements, especially in the context of sanctions imposed by Western countries. But they have a significant drawback - high volatility, Anton Siluanov emphasized.

It is precisely the high volatility that prevents cryptocurrencies from being used as a reliable means of saving, the minister pointed out. In his opinion, if citizens of the country do not want to take excessive risks with cryptocurrencies, they can invest their funds in traditional financial instruments, such as shares, federal loan bonds (OFZ) and bank deposits.

Unlike digital assets, they are more stable and are suitable for those who are counting on long-term investments, the head of the Russian Ministry of Finance believes.

Thus, the Minister of Finance has taken a very ambivalent position. On the one hand, he shows interest in cryptocurrencies, but at the same time emphasizes the excessive risk of investing in them.

Recall that Bitcoin opened the year at around $42,000, its current price is around $98,000, and crypto market analysts are confident that this is only the beginning of the rise in the price of the decentralized cryptocurrency.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

What it’s going to take to hit $100K

MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge

Blockworks2024/11/25 22:55

Why analysts are upping price targets for MSTR and COIN

MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago

Blockworks2024/11/25 22:55