Devere CEO Explains Why Buying Bitcoin Dip – Markets & Prices Bitcoin News

The CEO of financial advisory and wealth management firm Devere Group shares multiple reasons to buy bitcoin plummeting. “Despite the recent turmoil, I believe the trajectory of Bitcoin and other major cryptocurrencies is positive.

Nigel Green Explains Why He’s Buying More Bitcoin

Nigel Green, CEO of financial advisory and wealth management firm Devere Group, has confirmed that it is buying bitcoin’s plunge. In a blog post published this week, executives outlined various reasons to buy more bitcoin amid the crypto market plunge.

“Continued strength in the U.S. dollar resulting from policy tightening by the Federal Reserve is being felt by Bitcoin and all other risky assets, as seen in the recent decline in global equity markets.” he began, adding:

But like many serious crypto investors, I buy dips. I accept this short-term volatility for long-term gain.

Green shared his reasons for buying more BTC. “One of the reasons he said it was because I was ‘whale watching’,” he revealed, adding, “Whales are huge holders of cryptocurrency and have the potential to move currency valuations. It’s an investor with enough assets.”

He continued: This will allow big companies to buy back more and cheaper in the future. ”

Devere’s CEO said:

I feel they are preparing to buy more of their holdings in the coming weeks.

“There has also been other notable whale activity. The number of new wallets holding between 10,000 and 100,000 bitcoins has surged by 103 in the last 30 days,” he noted.

Green also cited crypto fundamentals as a reason for buying, emphasizing that falling prices are “a significant buying opportunity.”

“Like many large corporations, financial institutions, governments, prestigious universities and high-profile investment legends, we firmly believe that digital currencies are the inevitable future of money.”

“In an increasingly technology-driven and globalized world, it makes sense to have a digital, borderless decentralized currency,” Green said. “In addition, adoption and demand are constantly increasing, while supply is decreasing at the same time.”

A Devere Group executive concludes:

Despite the recent turbulence, I believe the trajectory of Bitcoin and other major cryptocurrencies is positive. This is why I view the current dip as a discount.

Green has made several bullish predictions about the price of Bitcoin. In June, he predicted a bull market and a “significant rally” for BTC.

Do you agree with Devere CEO Nigel Green? Let us know in the comments section below.

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