Devere CEO says investors will benefit from seller panic

However, Nigel Green points out that “for serious investors, this will not necessarily be seen as a bad thing,” noting that ““savvy, long-term crypto investors will look to take advantage of panic sellers by buying their digital currencies ‘on the cheap.“

Crypto Perspectives from Devere’s CEO

The CEO of financial advisory and asset management firm Devere Group, Nigel Green, on Monday gave his views on the future prospects of bitcoin and ether.

“Markets are now predicting that policymakers at major central banks, including the U.S. Federal Reserve and the Bank of England, are likely to remain committed to pumping interest rates in their battle to beat unexpectedly stubborn inflation“, he began. The executive added that the Fed has “maintained a hawkish theme that inflation remains far too high and that it will not delay raising rates“.

Because higher interest rates typically lead to stock market declines, Devere’s CEO noted:

Given the current correlation of bitcoin and ether with the stock markets, we expect further, perhaps increased, volatility in the crypto-currency market before the end of 2022.

“However, for serious investors, this will not necessarily be considered a bad thing“, he continues. “Major investors, including institutional investors, will treat it the same as turbulence in any other market.“

He explained that “Some of the world’s best investors consistently use market volatility as major buying opportunities in traditional financial markets – and the crypto-currency market is now no different.“Devere’s boss pointed out, “When used effectively and efficiently, volatility can be an extremely powerful investment strategy.“

The Devere executive further noted that “bitcoin remains the best performing asset class in the world, and has consistently ranked among the best for both traditional and crypto investment sectors in recent years.”

Noting that “serious investors will not be scared off by further volatility“, Nigel Green concluded:

“Savvy, long-term crypto investors will look to take advantage of panic sellers by buying their digital currencies ‘cheap’ to enhance their investment portfolios.