After the macro market correction, DeVere CEO Nigel Green updates the outlook for Bitcoin and altcoin market.
CEO Green says in a newly published interview on Business Leader that he predicts Bitcoin (BTC) to reach $100,000 in the first half of 2022.
"Despite the recent turmoil, the trajectory of Bitcoin and other major cryptocurrencies is looking upwards. I wouldn't be surprised if I see Bitcoin (BTC) hit $100,000 in the first half of 2022."
According to Green, whales and blue-chip investors are not worried about market dips as they focus on buying more crypto and long-term gains.
“Whales are individual or institutional investors who hold enough cryptocurrency to have the potential to move currency valuations, ignore concerns about dips, use them as buying opportunities, and focus on long-term trends. This approach alone has the power to raise the value of the cryptocurrency. owns it.”
Green says that he and other high-profile investors consider Bitcoin and other cryptocurrencies to be the future of money, as he capitalizes on the latest market crash and fills his portfolio.
“Like many serious crypto investors, I use this short-term volatility for long-term gains. I use the low price levels of Bitcoin and other major cryptocurrencies to fill my portfolio. Why so? Many large corporations, financial institutions, governments, prestigious universities, and famous investments "I'm sure cryptocurrencies are the inevitable future of money. In our increasingly tech-driven, globalizing world, it makes sense to hold digital, borderless, decentralized currencies. Also, adoption and demand are constantly increasing, while supply is decreasing."
Bitcoin price has increased by 1.6% in the last 24 hours. Bitcoin (BTC) is trading at $47,500, down nearly 31% from its all-time high of $69,000. The last 24-hour trading volume of Bitcoin was at $ 33,001,782,892.