Nigel Green, CEO of deVere Group, said that the war has pushed many to look for alternatives and therefore the asset could see $50,000 by the end of the month.
Green believes that the Russia-Ukraine war could be a catalyst tagging Bitcoin’s price rise. The CEO said the war had caused “significant financial upheaval” and companies, individuals and government agencies began to seek alternatives to traditional investment vehicles.
“Bank closures, ATMs running out of cash, threats to personal savings being wiped out by the war, Russia’s removal from the SWIFT system and other factors have become a weapon for decentralized finance”
Green said that if the western world continues these sanctions, Bitcoin could reach $50,000 by the end of the month. However, he stated that it is too early for the ATH level of approximately $ 70,000.
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