The investment advisor predicted the growth of the bitcoin exchange rate

In March, the course bitcoin may return to growth and exceed $100,000, according to Rufat Abyasov, an independent investment adviser and founder of GBIG HOLDINGS. He told Izvestia about this on March 2.

Earlier in the day, the value of the coin bitcoin for the first time since November 10, 2024 dropped below the $80k mark and approached $79k.

"Those drivers who supported the crypto market before the elections in USA in November, related to expectations of the arrival of President [Donald] Trump's rise to power in the United States and his support for the development of the crypto market and the support of market participants in terms of regulation and law enforcement initiatives have played their role locally. Consolidation is currently underway, and we are witnessing a significant depreciation of all major cryptocurrencies, including altcoins," the expert noted.

He recalled that several significant events had taken place in the previous month. First of all, this is a hacker attack on the largest Bybit exchange, where the largest withdrawal of funds from the exchange in history and the theft of funds by a hacker group took place. About $1.4 billion in Etherium cryptocurrency was stolen from this site.

"This is an unprecedented attack, but Bybit has apparently resisted. Several of the largest market participants helped her to restore reserves and "plug" the leak in Etherium. Additionally, the market is under pressure from the circumstances of the unblocking of funds that were paid to victims of the bankruptcy of the FTX crypto exchange. Therefore, a part of the cryptocurrency is also brought to the market and sold," Abyasov added.

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Among the positive factors, he mentioned the possible approval of several new exchange-traded ETFs and the purchase of cryptocurrencies by institutions.

"In all likelihood, we may see a final sell-off and the "withdrawal of stops" of small players below the levels of $ 95-91 thousand per bitcoin. And from these levels, it is possible to re-ascend to the area of $ 100-110 thousand per bitcoin and above in March this year. I assume that in April-May of this year we may see a peak in prices around $175-250 thousand per bitcoin. Again, unless there are some unpredictable force majeure events that can send the entire global economy into a dive. In this case, of course, bitcoin will not stand either," the expert concluded.

In September 2024, Sergey Bezdelov, Director of the Industrial Mining Association, said at the Industrial Mining session of the Eastern Economic Forum that in 2023 href="https://iz.ru/1753423/2024-09-04/ekspert-rasskazal-o-54-tys-namainennykh-v-2023-godu-na-territorii-rf-bitkoinakh " target="_blank">54 thousand bitcoins were mined in Russia. They can bring taxes to the treasury in the amount of 50 billion rubles over the horizon of several years.