The expert warned against deposits of savings into cryptocurrency

Photo: depositphotos/ulchik74

the Founder of the Russian Association of cryptocurrency and blockchain Alexander Treshchev said that at the moment, it is not necessary to invest in the cryptocurrency.

He shared his opinion on the fact that at the moment the pandemic is in the early stages the foreign exchange market continues to be unstable. Therefore, it is believed that the safest option for saving funds is to invest in cryptocurrency.

Treschev considers that it is not the best idea for investing money, because the cryptocurrency market is considered to be developing, and “foam out there much more than the real thing”.

“Rather, it is a wild market. We remember the ICO market, where 90 percent of the participants were scams that collected money from the market and left with no projects and money of all those who hoped to increase their capital”, – said Treschev on radio Sputnik.

2 April, the ruble won back some positions against the dollar and the Euro. The first course in relation to the Russian currency fell below 78 rubles, the second – below 85 rubles.

the Strengthening of the ruble is associated with the recent rise in oil prices. So, futures Brent crude April 2 rose to the level 36,29 USD per barrel. The increase in the cost of “black gold” is associated with the words of the President of the United States Donald trump. He spoke about the progress in negotiations between Russia and Saudi Arabia to restore transaction to reduce production.

Referring to the currency legislation in Russia, it is necessary to remember that the President of Russia Vladimir Putin signed the law on mitigation of punishment for currency crimes.

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