Director of the Institute of Finance and Law of the Ural State University of Economics Maxim Maramigin predicted the early death of bitcoin and other crypto-currencies. According to him, the main sign of the soon collapse of alternative money was the withdrawal of professional players from this market.

"In 2017 almost the entire population of the country learned about the crypto currency.

The price of bitcoin ranged from 1 thousand dollars to 21 thousand, and now it was established at the level of 11 thousand. However, all the serious players have already left this game, and the market is full of crowds. Practice shows that this trend is accompanied by the collapse of all major pyramids, "- said Maxim Maramigin.

Also, the economist noted that the speed of entry of small players is such that the registration of their wallets is suspended, since the services can not cope with the huge volumes of small operations.

Photo: Maxim Maramygin / VKontakte.