Bitcoin's price is expected to reach $50,000 by the end of the month, according to the CEO of Devere Group.

 

Nigel Green, the CEO of Devere Group, predicts that bitcoin will reach $50,000 before the end of the month. Devere is a financial advising and asset management organization based in the United Arab Emirates.

"As it stands, I see no reason why this pricing momentum should falter," the executive said on Tuesday. By the end of this month, I believe bitcoin will have reached $50,000."

He did warn, though, that it is "too early to say" when bitcoin's price will return to last year's all-time highs. BTC peaked at $68,892 on November 9, according to statistics from Bitcoin.com Markets.

"It's not that huge a jump from $50K to $68K," Green says. "The world and crypto," he said emphatically.

The Bitcoin price is likely to hit$ before the end of this month amid rising geopolitical pressures and growing institutional investments, predicts the CEO of one of the world’s largest independent fiscal advisory, asset operation, and fintech organizations. 

  The bullish vaticination from deVere Group’s Nigel Green comes as the world’s biggest cryptocurrency by request capitalization jumped in price by further than 15 in a day. 

He says “ In the once 24 hours, Bitcoin surged by further than$ at one point to over$ – its sharpest diurnal increase since February 2021. 

  “ As it presently stands, I can see no reason why this price instigation should falter. I suppose we can anticipate seeing Bitcoin hit$ by the end of this month. 

“ It’s still too early to say whether it'll also go on to reach the each-time highs of$ from November 2021. 

  “ Still, it’s not that big a vault from 50k to 68k and the world and the crypto request are moving at an accelerated rate in recent times. It’s clearly not out of the realms of possibility. ” 

The deVere CEO and the author believe geopolitical pressures and institutional investors are crucial for sustaining the price drive. 

  “ The Ukraine- Russia situation has caused significant fiscal bouleversement and individualities, businesses and indeed government agencies – not just in the region but encyclopedically – are looking for druthers to traditional systems. 

“ As banks near, ATMs run out of plutocrat, pitfalls of particular savings being taken to pay for the war, and the major transnational payments system SWIFT is weaponized, amongst other factors, the case for a feasible, decentralized, borderless, tamper- evidence, unconfiscatable financial system has been laid bare. 

  “ And as druthers, similar to crypto, prove to be believable and workable, the bone’s Reserve Status could, eventually, be in jeopardy. 

“ Smart investors know this and will further add their exposure to cryptocurrencies before prices rise further. ” 

  He continues “ The appeal of global, digital currencies in our decreasingly tech-impulsive world is, of course, not going unnoticed by institutional investors who include credit unions, banks, large finances similar as a collective or hedge fund, adventure capital finances, insurance companies, and pension finances. 

“ In fact, some reports say that institutions – who bring with them enormous capital, moxie, and reputational influence – are now the dominant dealers of cryptocurrencies. 

  “ As further and further institutional investors take control of the sector, credibility increases, trading volumes go over and volatility goes down – this is all good news for everyday investors. ” 

Nigel Green concludes “ Developments in recent days have put limelight on Bitcoin’s crucial traits, which include being borderless, permissionless, suppression- resistant and unconfiscatable. 

  “ These essential characteristics have enormous – and growing – value. 

“ This is why Bitcoin is now the 14th most precious currency in the world. I anticipate it to jump further up the rankings in coming months. ” 

  Geopolitical Pressures and Bone’s Reserve Status 

 The Devere superintendent sees two crucial motorists boosting the price of bitcoin geopolitical pressures and institutional investment. 

 He explained that the war between Russia and Ukraine “ has caused significant fiscal bouleversement. ” It has driven individualities, businesses, and government agencies encyclopedically to look for “ druthers to traditional systems, ” he detailed. 

  “ As banks near, ATMs run out of plutocrat, pitfalls of particular savings being taken to pay for the war, and the major transnational payments system SWIFT is weaponized, amongst other factors, the case for a feasible, decentralized, borderless, tamper- evidence, unconfiscatable financial system has been laid bare, ” the principal superintendent further editorialized, evolving