Green: “Confidence in Markets Is Returning”

DeVere Group CEO Nigel Green is optimistic that the cryptocurrency bear market is months away. In his statements, Green says that the prices of Bitcoin and other crypto assets will rise as inflation begins to slow and central banks begin to loosen monetary policy. According to Green, assets that have lost value following rate hikes, such as cryptocurrencies, could start to recover in April 2023.

Nigel Green made the following statement in his statement on the subject:

“Assets that benefit most from low interest rates are naturally most affected by rate hikes in 2022. These include stocks, particularly in the tech sector, and cryptocurrencies, among other risk assets.”

Green adds that he thinks cryptocurrencies and tech stocks will rally as the schedule is relaxed, which is likely to happen in the second quarter of 2023.

According to Green, it is unlikely that new all-time record levels will be seen in 2021. But instead, a more stable, continued upward trajectory could be seen for Bitcoin once the easing begins. At this point, Green uses the words, “Confidence is returning to the markets” and says that the current price of Bitcoin is attractive to long-term investors. Green continued his explanations with the following words:

“Many serious, long-term investors will use current lows as a buying opportunity.”

According to Green, the real value of the assets came to light as the hype disappeared thanks to the increase in interest rates. Additionally, according to Green, despite the 70% drop from ATH and the high hype in November 2021, Bitcoin remains the best-performing asset class of the decade.

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