Bear Market Is Not a Reason to Bury Cryptocurrencies says Russia's Prime Minister

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Bear Market Is Not a Reason to Bury Cryptocurrencies says Russia's Prime Minister

Kathleen Jordan
By Kathleen Jordan
Posted on Jan. 16, 2019
Bear Market Is Not a Reason to Bury Cryptocurrencies says Russia's Prime Minister

As reported by Russian news agency TASS, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum that the massive 2018 bear market is not a reason to bury crypto.


Russia’s prime minister and former president also urged the public to closely observe the state of the crypto markets when he was speaking at the annual international scientific conference on the economy,


Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along with other challenges such as shifts in traditional markets, a rise in protectionism and social inequalities, and the speed and scope of global digital transformation.


Highlighting the extreme volatility volumes in the past year, Medvedev argued that it is not a reason to “bury” cryptocurrencies, stressing that any social and economic phenomena has both a bright side and a dark side.


“But sure, it is not a reason to bury them [cryptocurrencies]. There is both a bright side and a dark side here, as well as in any social phenomena and any economic institution. We should monitor carefully what is going on in the space.”

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