DeVere Group CEO Predicts Good Year for Bitcoin
Despite the fall in the value of BTC in the medium term, the first cryptocurrency has a good year ahead. This prediction for 2022 was given by the CEO of DeVere Group, a company that controls $10 billion.
According to Nigel Green, published in a recent financial report, the reason for the fall in the value of BTC from $47 to $40 thousand is concerns about a possible increase in interest rates from the FRS (US Federal Reserve System).
Rumors about this have undermined the global financial markets. It was not only digital currencies that suffered, but traditional finance as well. There was a reflex sell-off on Wall Street, and then the same thing happened in the cryptocurrency sector.
Despite this, according to Green, conditions for inflation remain, and when the situation stabilizes, the price of bitcoins will go up again. This will be a strong incentive for altcoins, which will also rise in price.
Nigel Green is confident that he is right. In December 2021, he announced that Bitcoin could reach the $100,000 mark in the first half of this year. Now he also adheres to this position.
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