Nigel Green, CEO of deVere Group, predicts that the value of Bitcoin (BTC) will increase rapidly by the end of the year.
Nigel Green thinks investors will turn to riskier assets like Bitcoin. This may be one of the important factors that will increase the price of the asset.
Green stated that investors should expect a rise in the fourth quarter of 2022.
According to Green, investors who take advantage of Bitcoin’s low price will be able to grow their wealth in the long run.
deVere Group CEO believes investors will shift their focus to more risky assets, including Bitcoin.
“I believe we will soon see a bull rally that will cause a significant jump for the leading digital currency”
Another reason Bitcoin is close to recovery is inflation around the world. increase. Bitcoin, called digital gold by many, is seen as a hedge against inflation with its 21 million supply.
It should be noted that Nigel Green has made accurate predictions before. The CEO predicted in April 2021 that Bitcoin would make an ATH by the end of the year, and this prediction came true in November 2021.
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