DeVere CEO Predicts When Bitcoin Bull Run Ends, Updates ETH, SOL & ADA

Nigel Green the CEO of the financial services firm deVere Group predicted the timeframe for how long the Bitcoin bull cycle will continue this time. He also looked into three competing smart contract platforms’ price action.

According to Green Bitcoin price could continue its ascend until at least Q2 next year as concerns over inflation are growing.

“This latest data out of the U.S. will only compound global fears about inflation as price pressures run hot around the world…

And it’s one that is likely to last until at least the beginning of the second quarter of 2022 when pressures should start to ease.

Against this backdrop, and amid some peaks and troughs along the way as markets never move in a straight line with traders taking profit, we can expect to see the price of Bitcoin and other major cryptocurrencies continue their skywards trajectory…

Bitcoin is widely regarded as a shield against inflation mainly because of its limited supply, which is not influenced by its price.”

Green points out that Bitcoin has beaten gold as a hedge against inflation. Historically gold has been the go to asset when inflation rises.

“In this inflationary period, Bitcoin has outperformed gold, which has been almost universally hailed as the ultimate inflation hedge – until now.”

The CEO of the financial company also believes that the Bitcoin price rise will have positive effect other crypto assets, such as Ethereum (ETH), Solana (SOL) and Cardano (ADA).

“Bitcoin’s gravitational pull on other digital assets will show itself again this week, pulling up other major cryptocurrencies as it maintains its own strength.

We can expect those cryptos involved with fintech development, such as Ethereum, Solana and Cardano, to do particularly well.”