Trade and development expert Pankin named the main risk for Bitcoin.

According to him, the risks are largely associated with the fact that the cryptocurrency does not depend on central banks and there is no economic basis under it. “As for the cryptocurrency, I don’t see an economic basis here – the Central Bank should be behind the currency, trust in the country,” he commented. Pankin added that, in general, there is even more unpredictable risk in the crypto market now than in the foreign exchange market or the securities market.

Previously, analysts warned that the cost of bitcoin could plummet to $20,000 per coin. Experts noted that now the cryptocurrency is approaching the psychological mark of 30 thousand dollars per coin, and when the value falls below this level, a large-scale sale of cryptoassets may begin.