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Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued WeaknessAsian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are […]

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$12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout

,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout

The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing. In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money […]

The post $12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout appeared first on The Daily Hodl.

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DeVere Group CEO Unveils End-of-Year Prediction for Crypto Markets, Says Opportunity Awaits Bullish Investors

DeVere Group CEO Unveils End-of-Year Prediction for Crypto Markets, Says Opportunity Awaits Bullish Investors

The CEO of financial consultancy giant deVere Group says that volatility in the crypto markets is about to present opportunities to those who are long-term bullish on the asset class. In a recent blog post, deVere CEO Nigel Green says that continuous interest rate hikes from central banks are almost certain at this point, with […]

The post DeVere Group CEO Unveils End-of-Year Prediction for Crypto Markets, Says Opportunity Awaits Bullish Investors appeared first on The Daily Hodl.

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Devere CEO Explains Why He Is Buying the Bitcoin Dip

Devere CEO Explains Why He Is Buying the Bitcoin DipThe CEO of Devere Group, a financial advisory and asset management firm, has shared multiple reasons why he is buying the bitcoin dip. “Despite the recent turbulence, I believe that the trajectory of bitcoin and other major cryptos is upwards,” he said. Nigel Green Explains Why He Is Buying More Bitcoin The CEO of financial […]

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Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4

Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the […]

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Bitcoin (BTC) Is Eyeing a Significant Bounce, According to deVere Group CEO – Here’s His Timeline

Bitcoin (BTC) Is Eyeing a Significant Bounce, According to deVere Group CEO – Here’s His Timeline

The CEO of financial advisory firm deVere Group says Bitcoin (BTC) will rally within the year as the crypto market downturn approaches a bottom. In a new company blog post, Nigel Green says Bitcoin is on track to see a significant bounce by the last quarter of 2022 after the flagship crypto asset broke its […]

The post Bitcoin (BTC) Is Eyeing a Significant Bounce, According to deVere Group CEO – Here’s His Timeline appeared first on The Daily Hodl.

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Bitcoin As Legal Tender? These Countries Are Next After El Salvador and CAR, Says deVere Group CEO

Bitcoin As Legal Tender? These Countries Are Next After El Salvador and CAR, Says deVere Group CEO

Financial advisory firm deVere Group CEO Nigel Green expects that at least two more nations will adopt Bitcoin (BTC) as legal tender before the end of the year. In a new company blog post, Green follows up on his January prediction after news broke that the Central African Republic this week became the world’s second […]

The post Bitcoin As Legal Tender? These Countries Are Next After El Salvador and CAR, Says deVere Group CEO appeared first on The Daily Hodl.

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Devere CEO Bullish on Bitcoin, Predicts BTC Hitting $50,000 This Month

Devere CEO Bullish on Bitcoin, Predicts BTC Hitting ,000 This MonthThe CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO […]

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DeVere Group CEO Believes Bitcoin Burst to $50,000 Is Imminent – Here’s His Latest Outlook

Financial advisory firm deVere Group CEO Nigel Green says the leading crypto asset Bitcoin (BTC) will likely surge to $50,000 in the near-term. In a new company blog post, Green says that the top digital asset by market cap is likely to hit $50,000 in March due to escalating geopolitical tensions and growing interest from […]

The post DeVere Group CEO Believes Bitcoin Burst to $50,000 Is Imminent – Here’s His Latest Outlook appeared first on The Daily Hodl.

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Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO

Nigel Green is uber bullish on ETH stating that its value will exceed Bitcoin’s within five years.

The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021.

The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin's within a few short years.

“Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said.

Ethereum has gained more than 300% so far this year whereas the world’s most popular digital asset is up 55% by comparison. “In fact, it has outperformed all other benchmark assets in the first half of this year,” added Green according to City AM.

The respected analyst attributed two key factors to Ethereum’s stellar performance in 2021. Ethereum has a higher level of real-use potential and is the most in-demand development platform for smart contracts he said, “thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility,”

Secondly, Green commented that investor enthusiasm for the “game-changing” transition to ETH 2.0 represents a major boost not just for Ethereum, but for blockchain technology itself.

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

The company executive isn’t bearish on Bitcoin however and remains confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021. However he concluded that:

“Ethereum’s ascent to the top of the cryptoverse seems unstoppable.”

In early June, deVere launched a fixed-yield bond that tracks futures of Bitcoin and Ethereum on the Chicago Mercantile Exchange.

Related: Ether already ‘flippening’ Bitcoin, says Celsius CEO

According to U.K. crypto exchange CoinJar, Ethereum has flipped Bitcoin in almost every metric that matters. In a blog post on Aug. 18, the exchange stated that Ethereum is already surpassing Bitcoin in a number of areas, including the number of transactions, total value transacted, daily active wallets, transaction fees and mining revenue.

According to Coinbase’s second quarter report, trading volume for Ethereum flipped that for Bitcoin for the first time in its nine-year history.

Trading in ETH made up 26% of total volumes in the second quarter, up from 21% in the previous three months, and higher than Bitcoin’s 24% for the period.

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