Bitcoin’s Price to Skyrocket by the Year’s End, Predicts deVere Group CEO

Nigel Green, CEO and Founder deVere Group, believes investors can expect a “significant jump” in bitcoin’s USD value in the fourth quarter of 2022. According to Green, the primary cryptocurrency is strongly correlated with global stock markets and the end is near for all.

“We’ll Soon See A Bull Run”

Green said in a statement that there are many indicators that bitcoin is at its bottom. “Tracking services show that insiders are on a buying spree,” Green said. He believes that many people are taking advantage of this situation and increasing their crypto holdings at lower price to “grow wealth over the long term.”

According to the executive of deVere Group, investors will soon shift their attention towards more risky assets such as bitcoin in the near future.

“I believe we will soon see a bull rush that will lead to an important bounce in the fourth quarter for the world’s top digital currency.”

Nigel Green, Source: SCMP

BTC is also in the process of recovery. Many people might use it to hedge against inflation. The asset is often referred to as digital gold and has a maximum supply limit of 21 million coins. It is also easily accessible.

This is a common trend in countries with high inflation. Examples include Turks, Nigerians, and Brazilians.

Green predicted that bitcoin would be a major investment in financial institutions who bring with them expertise, capital, and a reputational pull.

The executive also expects that global regulators will issue comprehensive regulations regarding the crypto sector within the next few months. Investors will be able to deal with this asset class with greater security.

“Regulation, which I believe, is inevitable, would provide more protection and, consequently, more confidence to both institutional and retail investors.”

Green’s Past Forecasts

It’s worth noting that deVere Group CEO, has been very accurate in his predictions regarding bitcoin’s future price. He predicted that the Russia-Ukraine conflict would boost bitcoin’s value to $50,000 by March 31st. On March 29, the asset registered almost $48K.

He predicted that cryptocurrency would “hit or surpass” an all-time high by 2021. It climbed to nearly $70,000 in November 2017.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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