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Bitcoin is ready for an upward run at $ 7,000 later this year, says a major global badet management and management consulting and financial advisory firm in comments early Tuesday morning.
DeVere: Crypto Winter is over and Bitcoin is going to explode
Nigel Green, Founder and Chief Executive Officer of DeVere Group, a $ 10 billion wealth management and financial advisory firm for high net worth individuals, said the crypto-winter was over:
"I call now that the market is at its lowest and that the so-called crypto-winter has ended. I think Bitcoin will increase over the next few weeks and months, generating stable earnings for investors. As the largest market capitalization cryptocurrency, this will have a positive price impact in the broader crypto industry. "
Green made his prediction in the middle of an absolute geyser explosion in the price of bitcoin:
DeVere says the soaring price of bitcoin is just beginning. | Source: Yahoo Finance
DeVere Group's target bitcoin target for the end of the year is $ 7,000, and Green argues that price growth is driven by FOMO (fear of omission), both individual and institutional, while the inevitability of the crypto disturbance becomes more obvious:
"This spectacular leap will likely attract many investors who have stayed out of the game. In addition, we can expect the institutional interest to be revived. "
"I feel that the institutions are increasingly feeling that if they do not embrace this sector, their competitors could get a head start and may have trouble catching up. This is all the more true as the public – their clients – are more and more interested in exploring the opportunities themselves. "
FOMO: A good reason to be scared?
Just as greed for good things – and for the right reasons can be good – the fear of good things and for the right reasons can be smart.
The fear of the unknown, of what one can not see, of what one does not understand; the kind of fear that comes from anxiety, blindness and paralysis; the kind of fear that drives business people to do nothing when their livelihoods are disrupted: it's a useless fear.
But DeVere's kind of fear of not missing out is a fear based on what investors see happening, on what they know and understand now to be true (better late than never): What if they do not disturb, someone else will do it. It's useful fear.
Because the financial sector is not will be disturbed in the near future.
he has already been irrevocably disturbed.
And every investor on the planet should be very afraid to miss out on the most relevant and valuable technological revolution from the Internet.
A lot of money is moving
The crypto-whales begin to splash. | Source: Shutterstock
It is obvious today that fear is pushing smart people who have a lot of money to take steps to join a technological revolution that they can not beat.
DeVere Group has forecast a 40% increase in the market value of bitcoins this year, while the price of bitcoins has increased by 20% in a matter of hours. The sudden boom was caused by a well-coordinated order for an anonymous order of bitcoins worth $ 100 million.
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