Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4

The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year.

Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin

Financial advisory and asset management firm Devere Group has predicted that the price of bitcoin will bounce significantly in the fourth quarter of this year. Nigel Green, Devere’s founder and CEO, said early last week:

I believe that we’ll soon see a bull run that will lead to a significant bounce in the fourth quarter of the year for the world’s leading digital currency.

The Devere boss explained: “Bitcoin is currently highly correlated to leading global stock markets, such as Wall Street’s S&P500, and I’m confident that the recent market downturn is close to the bottom and a rally is imminent.”

The CEO added:

Bitcoin will benefit from a stock market rally as investors move back into riskier assets.

Green explained that one of the key factors that will drive the bitcoin rally is that investors are using BTC as a hedge against high inflation.

Many people, including famed hedge fund manager Paul Tudor Jones and venture capitalist Tim Draper, believe that the cryptocurrency is a good hedge against inflation.

Another factor the Devere chief noted was that bitcoin is increasingly seen as an alternative to fiat currencies. Veteran investor Bill Miller previously explained that the Russia-Ukraine war and subsequent sanctions on Russia have made people think about having an alternative currency to the U.S. доллар.

“The U.S. government started feverishly adding digital dollars to its economy during the pandemic, diluting its value, but adding to the long-term prospects of bitcoin,” Green noted, подчеркивая:

Investors are increasingly seeing bitcoin as an alternative to the dollar.

Green further said his predicted bitcoin bull run will be “supported by the growing investment from major institutional investors, who bring with them capital, expertise and reputational pull.” An April survey shows that 80% of institutional investors believe crypto will overtake traditional investments, 70% said crypto was a trustworthy investment, В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. 68% said they are actively recommending this asset class in investment strategies.

Lastly, the Devere CEO pointed out that major regulators are looking to establish a regulatory framework for crypto. He opined:

Регулирование, which I believe is inevitable, would give more protection and, therefore more confidence, to both retail and institutional investors.

Green’s prediction came just days before the weekend market downturn. На момент написания, BTC is trading at $27,748.30. It has fallen 2.5% in the past 24 hours, больше, чем 7% in the last seven days, and almost 26% over the past year.

Теги в этой истории
bitcoin bull run, bitcoin bull run q4, bitcoin bull run when, предсказание биткойнов, bitcoin price prediction, deVere, devere bitcoin, devere bitcoin prediction, Девере группа, devere prediction, Найджел Грин, nigel green bitcoin, nigel green bitcoin prediction

What do you think about the prediction by Devere CEO Nigel Green? Дайте нам знать в комментариях ниже.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Кредиты изображений: Шаттерсток, Pixabay, Викисклад

Отказ от ответственности: Эта статья предназначена только для информационных целей. Это не прямое предложение или запрос предложения о покупке или продаже, или рекомендацию или одобрение любых продуктов, Сервисы, или компании. Биткойн-Tidings.com не дает инвестиций, налог, законный, или консультации по бухгалтерскому учету. Ни компания, ни автор не несут ответственности, прямо или косвенно, за любой ущерб или убытки, вызванные или предположительно вызванные или связанные с использованием или доверием к любому контенту, товары или услуги, упомянутые в этой статье.

Читать отказ от ответственности