DeVere Group CEO Explains What He Believes Drives Bitcoin Price

The CEO of DeVere Group, Nigel Green believes that the crypto market will recover mainly because large scale investors buying the coins at discounted prices.

In a recent interview with Business Leader, Green shared his prediction that Bitcoin (BTC) could well reach $100,000 during the first six months of next year.

“Despite the recent turbulence, the trajectory of Bitcoin and other major cryptos is upwards. I would not be surprised to see Bitcoin reach $100,000 in the first half of 2022.”

According to financial expert, whales and large scale investors see market dips opportunities as they allow them to accumulate their crypto as discounted price and keep their eyes on long-term gains.

“Whales, which are individuals or entities that hold enough cryptocurrency to have the potential to move currency valuations, shrug off concerns about dips, use them as buying opportunities, and focus on long-term trends. This approach alone has the power to push crypto values up.”

According to the CEO, the latest market crash is a good thing and that he keeps adding to his portfolio as he along the other high-profile investors see crypto assets as the future of money.

“Like many serious crypto investors, I’m embracing this short-term volatility for longer-term gains. I’m using the lower prices of Bitcoin and other major cryptocurrencies to top up my portfolio.

Why? Because like many major corporations, financial institutions, governments, prestigious universities, and household-name investing legends, I’m confident that digital currencies are the inevitable future of money.

“In our increasingly tech-driven, globalized world, it makes sense to hold digital, borderless, decentralized currencies. In addition, adoption and demand are increasing all the time, whilst at the same time, supply is decreasing.”