Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers – Markets and Prices Bitcoin News

The CEO of Devere Group, a financial consulting and wealth management firm, predicts the crypto market will be volatile before the end of the year. However, he emphasized that “for serious investors, this is not necessarily seen as a bad thing,” noting that “savvy, long-term crypto investors will be looking for gains.” benefit from panic sellers by buying their digital currency cheaply. ‘”

CEO Devere’s Crypto Outlook

The CEO of financial consulting and wealth management firm Devere Group, Nigel Green, shared his views on the future prospects of bitcoin and ether on Monday.

“The market is now predicting that policymakers at major central banks, including the US Federal Reserve and the Bank of England, are likely to remain adamant in raising interest rates in the battle. their battle to defeat sudden stubborn inflation,” he began. The executive added that the Fed has “maintained the hawkish theme that inflation is still too high and they won’t stop raising rates.”

Since higher interest rates often lead to a stock market drop, Devere CEO notes:

Given bitcoin and ether’s current correlation with the stock market, we anticipate even stronger volatility, perhaps heightened in the crypto market before the end of 2022.

“However, for serious investors, this is not necessarily considered a bad thing,” he continued. “Major investors, including institutions, will treat it in the same way as chaos on any other market.”

Some of the best investors in the world have always used market volatility as big buying opportunities in traditional financial markets – and the crypto market is no different now, he explained. “. The Devere boss emphasized, “When used effectively and efficiently, volatility can be an extremely powerful investment strategy.”

The Devere CEO further pointed out that “Bitcoin remains the best performing asset class in the world and consistently ranks among the best for both traditional and crypto investments. over the past few years”.

Noting that “Serious investors will not be spooked by further volatility,” Green concludes:

Savvy, long-term crypto investors will seek to benefit from panic sellers by buying their digital currencies ‘on the cheap’ to enhance their portfolios.

What do you think of Devere CEO Nigel Green’s remarks? Let us know in the comments section below.

Kevin Helms

An Austrian Economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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