'I believe that we'll soon see a bull run that will lead to a significant bounce in the fourth quarter,' said Green. crypto cryptocurrency bitcoin $BTC
Another factor the Devere chief noted was that bitcoin is increasingly seen as an alternative to fiat currencies. Veteran investor Bill Miller previouslythat the Russia-Ukraine war and subsequent sanctions on Russia have made people think about having an alternative currency to the U.S. dollar.
“The U.S. government started feverishly adding digital dollars to its economy during the pandemic, diluting its value, but adding to the long-term prospects of bitcoin,” Green noted, emphasizing:Green further said his predicted bitcoin bull run will be “supported by the growing investment from major institutional investors, who bring with them capital, expertise and reputational pull.
Lastly, the Devere CEO pointed out that major regulators are looking to establish a regulatory framework for crypto. He opined: Regulation, which I believe is inevitable, would give more protection and, therefore more confidence, to both retail and institutional investors.is trading at $27,748.30. It has fallen 2.5% in the past 24 hours, more than 7% in the last seven days, and almost 26% over the past year.
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