Russian parliamentarians forecast bitcoin price to surge to $40,000

Deputies of the Russian Duma are predicting the further growth of bitcoin, but still, call it a bubble and warn of the tremendous risks of its collapse.

Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, in an interview with RT commented on the rise of the bitcoin rate above $7,000, supposing that it could reach the mark of $20,000.

“The volumes of the bitcoins market are quite significant, and there is enough growth potential. It will grow until some critical situation. It has not reached its growth limit; the pyramid has not yet inflated so much as to burst. It will be pumped more and more … The price could double or even triple, it may even rise to $20,000,” Aksakov said.

According to the parliamentarian, the growth of bitcoin is caused by public discussions of cryptocurrencies in media…

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