Bitcoin Reserves a ‘Time Bomb’ Warns Russian Economist
Bitcoin reserves have been labeled a “ ticking time bomb ” by Russian economist Valentin Katasonov, who is, at the time of writing, warning of a possible 50% bitcoin crash amid rising cryptocurrency market risks and also growing market volatility concerns. Also Read: Pepe (PEPE) & DogWifHat (WIF) Price Prediction For April 2025 Russian Economist Predicts Bitcoin Crash Amid Market Volatility Source: Watcher Guru Katasonov, who currently serves as the Chairman of the S. F. Sharapov Russian Economic Society, has cautioned against Russia developing national bitcoin reserves. The economist has also compared such initiatives to “laying landmines” in the economy, which could potentially trigger cryptocurrency market risks. Katasonov said: “[Talk about creating strategic crypto reserves] is a way of inflating bubbles. If the bubble bursts, everything will be fine as long as the economy holds up. But, regardless, there will still be many victims.” Fifth Colum...