DeVere CEO Predicts that Bitcoin will Rise 50% and Double in 2021
December 18, 2020 2:42 pm
Dubai-based firm DeVere Group’s CEO, Nigel Green thinks that Bitcoin’s race is only getting started. According to the article published to Newsmax on Thursday, Green openly mentioned that Bitcoin will have another “record-breaking year” in 2021, with prices blooming by at least 50% and “possibly double.”
The CEO added:
“Some of the world’s biggest institutions – amongst them multinational payment companies and Wall Street giants – pile ever more into crypto, bringing with them their enormous expertise and capital, this in turn, swells consumer interest.”
Based on current values, Green expects BTC to reach between $34,500 and %46,000 by next year. While recognizing that Bitcoin won’t go up in a straight line, Green says the influx of institutional investors will lead to a groundswell of consumer interest, creating the perfect storm for price discovery.
The CEO included:
“[…] with governments continuing to support economies and increase spending due to the pandemic, investors are increasingly going to look to Bitcoin as a hedge against the legitimate inflation concern.”