“I expect Bitcoin to be unstoppable and doubling in price in the next 12 months,” said Nigel Green, CEO of deVere Group, one of the leading companies in the financial world.
Bitcoin, November 27 It fell almost 8% on Saturday morning. This decrease is thought to be due to the Omicron variant.. After the news about the new variant spread, According to Green, the decrease of bitcoin in parallel with the stock markets means that the use of cryptocurrencies has increased.
In Nigel Green’s statement:
“This drop in cryptocurrencies, the inevitable future of money, will be used by savvy investors as a great buying opportunity.” said.
Crypto markets mirrored the reaction of other financial markets. This shows that bitcoin is one of the mainstream digital assets, with an increasing number of institutional investors.
However, he added that it does not make sense for the value of bitcoin to fall due to a new health crisis and should be seen as a safe value like gold.
Green said that he thinks crypto investors will forget about the impact of the new variant on the market and will once again focus on their fears from global inflation.
Nigel, who thinks that high inflation will return in the short term:
Due to its limited supply, Bitcoin has historically been successful by shielding its investors from inflation during periods of high inflation. Bitcoin is programmed to have no more than 21 million coins in circulation. For this reason, it is estimated that it will always protect against inflation. If it protects against inflation, more institutional investors will come to bitcoin and pricing will continue.
said.