According to the Ukrainian-American billionaire, a concerted effort on the part of banks, hedge funds and other financial institutions are one of the main reasons for the collapse of the value of cryptocurrency.
"There are three main factors that are considered by many bloggers and media have become causes of the fall of Bitcoin course. I must say that this is not the root causes. The media are increasingly talking about the fact that the authorities of South Korea and China plan to ban virtual currency. But do not go too far in this case, it was a regulation, "- says Mark Ginsburg.
"Another important reason - China is preparing to celebrate the New Year. In this country for a holiday suited thoroughly, and it lasts a long time. The third factor - a panic among the so-called "hamsters". In this case we are talking about small owners Bitcoins, no major players, "- he added.
Billionaire certain panic in the currency market of digital sow banks, financial institutions and hedge funds.
"According to media opinion, the fall of 43% in the number of Google queries on how and where to purchase Bitcoin - a proof cryptocurrency collapse. But such requests usually come from ordinary consumers who want to buy a couple of coins. Their behavior has no effect on the market as a whole. But when it comes to major players, they do not seek help for the Google, and the experts in this field, as well as analysts, "- said Ginsburg.
According to him, the key reason for the collapse of the value of Bitcoins - purposeful work of hedge funds, financial institutions and banks.
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"They do not intend to buy higher-yielding assets on an equal footing with ordinary people. That is why all efforts are made to rekindle the panic in the market and to weed out the so-called "hamsters". The big players are trying to clear the road to profitable stint. After that, the course will begin to grow ", - said the billionaire.
Sell or not?
Mark Ginsburg is of the opinion that selling Bitcoin now - is unwise.
"Virtual currency have a number of independent properties. It is a big game. But we should not exaggerate the panic. What we are seeing now - not that other, as "shooting hamsters." During 2017 the value of Bitcoin fell by 30% to five times, but then again renewed growth ", - he added.
Ukrainian-American billionaire advises to hold the horses: "Do not sell your Bitcoins to anyone at any price. In March, the value of a coin will reach $ 25,000. "
Based on materials WELTRADE