According to Green in a new article on deVere Group’s official website, Bitcoin and other digital assets will start to see recovery once inflation starts to slow down and the central banks begin relaxing monetary policy.

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Green further noted that the assets, including cryptocurrencies, which started to lose value following the rate hikes could enter a new bullish phase in April 2023.

deVere Group CEO also stated that confidence is creeping back into the markets and the current price of Bitcoin (BTC) is also attractive to long-term investors.

Nigel Green noted:

“Assets that most benefitted from low-interest rates were, naturally, hit hardest in 2022 by the hikes. These include stocks, especially in the tech sector, and cryptocurrencies, among other risk assets.

“We expect as the program unwinds, which is likely to be in the second quarter of 2023, these will be the assets that will experience some of the biggest rallies.

“Although the high-octane rush of previous rallies is unlikely, instead we will see a steadier, continued upward trajectory for Bitcoin when the unwind kicks off…

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“Many serious, long-term investors will be using the current lower valuations as a buying opportunity…

“One good thing about the hikes has been that as the sugar rush of free money faded away, we could see the real value of assets.

“Despite coming down 70% from its hype and heat-fuelled November 2021 high, Bitcoin remains the best-performing asset class of the decade.”

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The post deVere Group CEO Nigel Green Predicts When Bitcoin and Crypto Bear Market Will End appeared first on Times Tabloid.

In a CityAM report, Nigel Green stated that Ethereum (ETH) should continue to outperform Bitcoin (BTC) in 2021. He also expects the world’s largest smart contracts platform to subsequently exceed the flagship cryptocurrency in terms of value.

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Nigel Green noted:

“Ethereum (ETH) is outperforming Bitcoin (BTC) and it can be expected to continue this trend for the rest of 2021.

“Ether is up around 240 percent this year, while Bitcoin is up less than 38 percent. In fact, it has outperformed all other benchmark assets in the first half of this year.”

Two Key Factors That Currently Drive Ethereum’s Outperformance Run

The deVere Group CEO further pointed to two key factors he thinks are the driving force behind Ethereum’s outstanding performance.

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Green said:

“First, Ether has a higher level of real-use potential as Ethereum – the platform on which it is the native cryptocurrency – is the most in-demand development platform for smart contracts, thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility.

“Second, investor enthusiasm for the game-changing transition to ETH 2.0, which makes the Ethereum network considerably more scalable, sustainable and secure.

“These upgrades represent a major boost not just for Ethereum but for blockchain technology itself.”

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Ethereum (ETH) Have More Use Potential and Tech Advantages over Bitcoin (BTC)

The deVere boss also pointed out that Ethereum (ETH) has more use potential and tech advantages over Bitcoin (BTC). He said this is why he believes that Ethereum is coming for Bitcoin’s position in the future:

“Ultimately, this will mean that its value will exceed that of Bitcoin – probably within five years.

“That said, I remain confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021. There will be peaks and troughs along the way of course, but Ethereum’s ascent to the top of the cryptoverse seems unstoppable.”

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The post deVere Group CEO: Ethereum (ETH) Value Will Overtake That Of Bitcoin (BTC) Within Five Years appeared first on Times Tabloid.