deVere CEO Ambitious: “Bitcoin Price Will Fly!”

Providing services in the field of financial consultancy deVere Group Its CEO thinks that Bitcoin (BTC) price will recover as it nears the bottom during the downturn in the crypto markets.

Sharing his views in a new blog post by the company, Nigel Green shared that he expects it to make a ‘significant leap’ by the last quarter of 2022, after it managed to break the longest weekly streak in Bitcoin history.

“The recovery in price has started, which upsets those who stand against crypto. I believe we will see a significant jump for Bitcoin in the fourth quarter and a bull run as a result.”

The CEO also shared details on why he thinks the BTC price will recover soon.

“A good indication that the bottom is near is when crypto tracking platforms have revealed that some investors are on a buying spree. They leverage reasonable valuations to increase their stake in quality companies to create and grow wealth over the long term. Bitcoin will benefit from the stock market rally as investors return to riskier assets.”

Nigel also thinks that Bitcoin will rise again as investors see crypto assets as a viable store of value and a hedge against inflation.

“In addition to all these developments, investors bitcoinThey also began to see the dollar as an alternative to the dollar. The US government printed the dollar and lowered its value due to the pandemic. Bitcoin, on the other hand, increased long-term expectations optimistically.”

Nigel said that Bitcoin will fly by the end of the year and the rally will be supported by investments from large institutional investors.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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