• Nigel Green, the CEO of deVere Group, says that Bitcoin will be more attractive in the upcoming months. 
  • The $10 billion wealth advisor believes Bitcoin will be reinforced by the economic shifts in the marketplace caused by Coronavirus.

The CEO of financial advisory deVere Group, Nigel Green, believes Bitcoin will become very attractive in the upcoming months because of post-coronavirus economic policies. deVere Group holds $10 billion in assets under management. According to Green, BTC will be bolstered by economic shifts in the marketplace. 

Speaking with Financial Mirror, the CEO emphasized the “tremendous” buying pressure of bitcoin halvings in the past and expected May’s block reward reduction to be a similar catalyst. He explained that the economic meltdown resulting from Coronavirus has created market conditions that are favorable for Bitcoin and crypto-assets. 

Green said:

We’re moving towards an era of zero-interest rates. This reduces the incentive to keep fiat currency. In addition, rate cuts typically lead to higher inflation, which reduces the purchasing power of traditional currencies.

Therefore, Bitcoin, and other decentralized cryptocurrencies, become more attractive and the price will adjust upwards accordingly.

In an earlier blog post, Green had also argued that the current pandemic would force investors to seek out new sectors of the economy. He wrote:

Savvy investors are now actively seeking out these ‘new world’ sectors and businesses so as to accumulate and safeguard their wealth.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin: Holds $105K mark as MicroStrategy adds 11,000 BTC, Trump pardons Silk Road creator Ulbricht

Bitcoin: Holds $105K mark as MicroStrategy adds 11,000 BTC, Trump pardons Silk Road creator Ulbricht

Bitcoin price trades around $105,000 on Wednesday after rebounding from the $100K support level the previous day. Michael Salyor’s MicroStrategy announced on Tuesday that it has acquired 11,000 BTC worth $1.1 billion, and President Donald Trump pardoned Silk Road creator Ross Ulbricht.

More Bitcoin News
World Liberty Financial adds $47 million of ETH and wBTC each to celebrate Trump’s inauguration

World Liberty Financial adds $47 million of ETH and wBTC each to celebrate Trump’s inauguration

Donald Trump-backed DeFi platform World Liberty Financial (WLFI) added $47 million of wrapped Bitcoin (wBTC) and Ethereum (ETH) each to celebrate Trump’s inauguration as the 47th President of the United States on Monday. 

More Cryptocurrencies News
Top 5 made in USA altcoins tackle uncertainty on Trump’s return: XRP, Solana, Cardano, Chainlink, Avalanche

Top 5 made in USA altcoins tackle uncertainty on Trump’s return: XRP, Solana, Cardano, Chainlink, Avalanche

Crypto market capitalization of altcoins developed in the U.S. crossed $544.15 billion on Wednesday, January 22. Among cryptocurrencies trending in the U.S., XRP, Solana, Cardano, Chainlink, and Avalanche have gained in the past 24 hours, per CoinGecko data. 

More Cryptocurrencies News
President Donald Trump plans $500 billion in AI infrastructure with OpenAI, SoftBank and Oracle

President Donald Trump plans $500 billion in AI infrastructure with OpenAI, SoftBank and Oracle

President Donald Trump announced a “Stargate” project for $500 billion in investment to advance the US AI infrastructure. The project will deploy an initial investment of $100 billion, scaling up to $500 billion, to establish advanced data centers and infrastructure in Texas.

More Cryptocurrencies News
Bitcoin: BTC rallies above $102,000 ahead of Trump’s inauguration

Bitcoin: BTC rallies above $102,000 ahead of Trump’s inauguration

BTC's price continues to trade in the green, trading above $102,000 at the time of writing on Friday after rallying more than 7% this week. Recent US macroeconomic data released this week supported the rise of risky assets like BTC. 

Read full analysis
Trusted Broker Reviews for Smarter Trading

Trusted Broker Reviews for Smarter Trading

VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.

Read More

BTC

ETH

XRP