Bitcoin (BTC) is witnessing a great boom at the moment. Cryptocurrency investors and prominent traders, who are quick to tracing reasons behind price increments, have not been able to fathom what activated the long expected but surprising surge.
As we keep on wondering what actually led to the increase, founder of a prominent independent financial advisory organisation, has insinuated that the Bitcoin (BTC) price could touch the $7,000 considering the pace at which the digital asset is firing.
Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial advisory organizations, said “there is a mounting sense that Bitcoin is back”, and so, averred that the crypto winter has reached its end.
According to the CEO of the advisory organisation, there is no doubt that Bitcoin will move up over the coming weeks and months. The spooky upsurge, he said would result into a steady gains for investors and will reawaken institutional interest in the sector.
Last year, Nigel said Bitcoin and other top cryptos were moving towards a global breakout due to the fear of missing out (FOMO), the prophesy is beginning to materialise as major banks are looking toward cryptocurrencies and its underlying technology –blockchain.
Nigel, whose deVere Group performs business in over 100 countries with more than $12bn under advisement, believes Bitcoin could go as far as $7,000, pointing that institutions are beginning to realise that “unless they truly embrace crypto” it may be hard for them to compete since their customers are fascinated towards cryptocurrencies.
“It is now widely regarded that cryptocurrencies are inescapably the future of money,” he said.
“Therefore, I believe we could realistically see the price of Bitcoin reaching $7,000 over the next few months.”
Nigel, whose firm announced it would be launching its own private bank after confirming it received investment banking license, is among the advisors who understand that Bitcoin price could surge beyond comprehension.
Meanwhile, as we move out of the crypto winter, investors are ready to pour more funds into the crypto space owing to the expected future growth of the digital space.
Bitcoin (BTC) Price Heading Towards $5,200
Bitcoin (BTC) price is heading towards $5,200. While some analyst says BTC has the potential of going even higher, some are saying weekend price increase should not be taken serious as Monday would determine the fate of BTC.
At the time of filing this report, BTC is trading around $5,140, with a market cap of $90 billion and a 24hr trade volume of $17 billion. Bitcoin dominance still stays at 50.06%.
Disclaimer: this article is not a financial advice and should not be used as one. It is only written for informational purpose. Do personal research by contacting financial experts before investing in any digital asset.
