The CEO of Devere Group, a financial advisory and asset management firm, predicts further volatility in the crypto market before the end of the year. However, he pointed out that “for serious investors, this will not necessarily be viewed as a bad thing,” noting that “savvy long-term crypto investors will seek to take advantage of panic sellers by buying their digital currencies” low. price. ‘”
Devere CEO’s Crypto Outlook
The CEO of financial advisory and asset management firm Devere Group, Nigel Green, shared his views on the future prospects for bitcoin and ether on Monday.
“Markets are now predicting that policymakers at major central banks, including the US Federal Reserve and the Bank of England, are likely to remain intent on pushing interest rates higher in their battle to combat surprisingly stubborn inflation,” he said. he started. The executive added that the Fed has “maintained a hawkish theme that inflation remains far too high and will not postpone the rate hike.”
As higher interest rates generally drive stock markets lower, Devere’s CEO noted:
Given the current correlation of bitcoin and ether with stock markets, we expect additional, possibly heightened, volatility in the crypto market before the end of 2022.
“However, for serious investors, this will not necessarily be seen as a bad thing,” he continued. “Major investors, including institutional investors, will treat it the same as turbulence in any other market.”
He explained that “Some of the best investors in the world consistently use market volatility as major buying opportunities in traditional financial markets – and the cryptocurrency market is no different now.” The Devere boss pointed out: “When used effectively and efficiently, volatility can be an extremely powerful investment strategy.”
The Devere executive further pointed out that “Bitcoin remains the best performing asset class in the world and has consistently ranked among the best for both traditional and crypto investment sectors over the past few years.”
Noting that “serious investors won’t be scared off by increased volatility,” Green concluded:
Savvy, long-term crypto investors will look to take advantage of panic sellers by buying their digital currencies “at a low price” to enhance their investment portfolios.
What do you think of Devere CEO Nigel Green’s comments? Let us know in the comments section below.
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