MOSCOW, March 3. /TASS/. A cryptocurrency reserve can be created in Russia in 1-3 years, when the country will have regulatory conditions established to do that, Deputy CEO of Bitriver, an operator of mining datacenters in Russia, Oleg Ogienko told TASS.
“From my point of view, the cryptocurrency reserve can be created in Russia within the period of 1-3 years, when regulatory conditions for that will be established in the country. The secure infrastructure for keeping and other circulation of digital currencies within the country should be implemented and regulated at first. It is already appearing but within a closed loop thus far,” the expert said.
The country’s financial system may get an extra impetus for its upgrade on account of such reserves formed with the use of end-to-end technologies, Ogienko said. Development of the cryptocurrency reserve because of recent US statements is actually a rising trend of this year in the global financial market.
The level of $100,000 will be the next target for buyers after the Bitcoin climbed to $97,000. If the positive scenario is materialized by the end of the second quarter, the Bitcoin price will hit $130,000, Ogienko added.
US President Donald Trump said earlier that the US will create a strategic cryptocurrency reserve comprising Bitcoin, Ethereum, and other valuable cryptocurrencies.