A top Russian official has justified the government’s plans to prohibit ordinary Russians from investing in Bitcoin technology by comparing Bitcoin-related investments with casino gambling.

On Tuesday, Russian Economic Development Minister Maksim Oreshkin gave an address at the World Festival of Youth and Students in Sochi, where he warned the young pioneers of the dangers of dabbling in cryptocurrencies.

Russian state-owned media outlet RT quoted Oreshkin saying Bitcoin’s value was too volatile: “it’s dozens of percent up, then dozens of percent down.” Any asset with such unpredictable characteristics shouldn’t be accessible by “unqualified investors” because it is “worse than casinos. First you earn, then you will lose everything and be left with nothing.”

Oreshkin isn’t wrong that Bitcoin investors face potentially damaging losses, but such risks are inherent in all investing scenarios. Kinda like the Russian casino operators whom the government encouraged to invest in the Azov-City gaming zone, only to be told a few years later that the zone would be shutting down so that new zones could open in Sochi and the Crimea, and there would be no compensation for Azov-City investors, who now stand to lose everything and be left with nothing. You know, like that.