DeVere CEO Sees End-of-Year Opportunity for Bullish Crypto Investors
The CEO of the world’s largest financial consulting firm, deVere Group, asserts that individuals with a long-term optimistic outlook on the crypto asset class are going to be presented with opportunities when the crypto markets experience turbulence.
In a recent blog post, the chief executive officer of deVere, Nigel Green, said that it is virtually probable that central banks will continue to raise interest rates and that risk-on assets will see more losses.
According to Green, a market contagion will extend to the cryptocurrency markets in the form of negative volatility. The CEO anticipates that this scenario will occur before 2022 concludes.
“Given Bitcoin and Ether’s current correlation with stock markets, we anticipate further, perhaps heightened, volatility in the crypto market before the end of 2022. However, for serious investors this will not necessarily be seen as a bad thing.
The major investors, including institutional ones, will treat it in the same way as turbulence in any other market.
Some of the world’s best investors consistently use market volatility as major buying opportunities in traditional financial markets – and the cryptocurrency market is now no different.
When used effectively and efficiently, volatility can be an extremely powerful investment strategy.”
DeVere underlines the fact that Bitcoin has traditionally generated substantially greater returns than leading technology companies like Amazon and Apple over the last five years.
If another capitulation event happens, Green thinks skilled long-term investors may be able to profit from panic selling.
“Bitcoin remains the best-performing asset class in the world, and has consistently ranked amongst the best for both traditional and crypto investment sectors over the last few years.
Savvy, long-term crypto investors will be looking to benefit from panic-sellers by buying their digital currencies ‘on the cheap’ to enhance their investment portfolios.
Serious investors will not be spooked by further volatility. This isn’t their first rodeo.”
