Forecast: falling demand for cryptocurrencies

Recently, more and more countries have begun to establish stricter regulation of cryptocurrencies, which leads to a decline in demand for this financial instrument. This opinion was expressed by Oleg Gorokhovsky, co-founder of Monobank, in an interview with journalist Ramina Eskhakzai.

According to Mr. Gorokhovsky, regulators in different countries are focusing on controlling the cryptocurrency industry, which leads to a decrease in its attractiveness.

"The nature of the blockchain is not made for strict regulation, but many states are trying to exercise this control. And every successful step in regulation poses a threat to the existence of cryptocurrencies as such," Gorokhovsky said.

However, cryptocurrencies are considered valuable because of their ability to transfer, store, and invest funds quickly and safely.

"The future of cryptocurrencies depends on how they are regulated. Currently, the regulation is not as strict as for conventional fiat currencies, and that is why cryptocurrencies are in great demand. However, if the financial monitoring rules become stricter, I think the demand may decrease," said the co-founder of Monobank.

Thus, the further development of cryptocurrencies and their future is predicted depending on the level of regulation in different countries. Excessive regulation may lead to a decline in the popularity of this type of asset, while a less stringent approach may help maintain demand for cryptocurrencies. It is expected that governments will continue to scrutinize the industry and establish adequate rules, ensuring a balance between regulation and the development of the cryptocurrency market.