Here’s When the Bitcoin and Crypto Bear Market Will End, According to deVere Group CEO Nigel Green

The CEO of financial advisory firm deVere Group, Nigel Green, is optimistic that the crypto bear market is months away from ending.

Green says that the prices of Bitcoin (BTC) and other crypto assets will rise when inflation starts to slow and central banks start to loosen monetary policy.

According to Green, assets that depreciated after the exchange rate increased, such as cryptocurrencies, could start to rise in April 2023.

“The assets that benefited the most from low interest rates were, of course, the most affected by the hike in 2022. These include stocks, especially in the technology sector, and cryptocurrencies, among other riskier assets.

We expect as the program unfolds, which will likely be in the second quarter of 2023, that these will be the funds that will see some of the biggest increases.

While the high-octane burst of previous gains is unlikely, we will instead see a more stable, sustained upward trajectory for Bitcoin as it begins to relax.”

Claiming that “confidence is returning to the markets,” Green says Bitcoin’s current price is attractive to long-term investors.

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“Many serious, long-term investors will use the current lows as an opportunity to buy…

One good thing about the rise in prices is that as the rush of free money wore off, we were able to see the real value of the property.

Despite a 70% drop from its November 2021 peak fueled by heat, Bitcoin remains the best-performing asset class of the decade.”

Bitcoin is trading at $16,632 as of this writing.

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Disclaimer: The opinions expressed in The Daily Hoddle are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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