President of the Russian Association of cryptocurrency and blockchain (RAKIB) Yuri Pripachkin believes that the year-end exchange rate of bitcoin can grow to $50 thousand.

“If you look at annual intervals, for a year, from February 2017 to February 2018, bitcoin has grown by an order, therefore, to say that he has returned to growth, is the speculative point of view the last two months. Grew to $20 million, fell to $6 thousand, now back to $10 thousand with a tail. This is a normal situation,” — said the head of the Association in an interview with RT.

According to Pripachkin, virtual currency strategically continue to rise. The President RAKIB expects peak fluctuations. He predicted that bitcoin in March will cross the milestone of $14-16 thousand by the end of the year — ranging from $30 to $50 thousand. “Speaking about the temporary UPS and downs characteristic of the industry, possible fluctuations peak: 2 or 2.5 times”, — said the head of the organization.

The price of bitcoin for today at 8.30 GMT, according to Coinmarketcap is $10962, showing an increase of 5.78%. The capitalization of the digital currency in excess of $185 billion.