The CEO of Devere Group, a financial advisory and asset management firm, expects more volatility in the crypto markets by year end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “savvy long-term crypto investors will try to profit from panic sellers by buying digital currencies ‘cheap’.”
Devere CEO’s Crypto Outlook
Nigel Green, CEO of financial advisory and asset management firm Devere Group, shared his views on the outlook for bitcoin and ether on Monday.
“The market now expects policymakers at the Federal Reserve, the Bank of England, and other major central banks to remain resolute in raising interest rates in the battle to beat unexpectedly stubborn inflation,” he began. The executive added that the Fed is “maintaining the hawkish theme that inflation is still too high to delay raising rates.”
Higher interest rates usually lead to a decline in the stock market, CEO DeVere noted.
Given Bitcoin’s and ether’s current correlation with the stock market, we expect to see further, perhaps increased, volatility in the crypto market by the end of 2022.
“But for serious investors, this will not necessarily be seen as a bad thing.” He continued.” Major investors, including institutional investors, will treat it the same way they treat turbulence in other markets.”
He added, “Some of the world’s best investors have consistently used market volatility as a major buying opportunity in traditional financial markets, and the cryptocurrency market is now no different.” The Devere boss explained, stressing that “when used effectively and efficiently, volatility can be a very powerful investment strategy.”
Devere executives further noted that “Bitcoin remains the best performing asset class in the world and has consistently ranked among the best in both the traditional and crypto investment sectors over the last few years.”
Noting that “serious investors are not intimidated by further volatility,” Green concluded.
Smart long-term crypto investors will be looking to profit from panic selling by buying digital currencies “cheap” to bolster their investment portfolios.
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