Russian Prime Minister Dmitry Medvedev: massive 2018 bear market is not a reason to bury crypto

Russian Prime Minister Dmitry Medvedev has told investors to keep a close eye on cryptocurrencies, stating that the bear market is “not a reason to bury” the social phenomenon of crypto.

Medvedev, as quoted by Russian news outlet TASS, claimed that the cryptocurrency market has both a “bright side and a dark side,” explaining that in spite of the volatility, there is still a lot of potential in the market.

He stated: “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.

Also read: Crypto derivatives trading platform BitMEX: there are major inaccuracies in a media report that alleged the exchange was closing U.S. and Québec residents’ accounts due to a regulatory crackdown