$10 Billion Wealth Advisor Says Bitcoin (BTC) and Crypto Assets Poised to Surge As New Economic Era Emerges

Nigel Green, chief executive and founder of the international financial consultancy giant deVere Group, says Bitcoin’s upcoming halving and global macro factors are set to catalyze a new crypto bull run.

Green says Bitcoin’s halvings, which effectively cut the new supply of BTC entering the market in half, have created “tremendous” buying pressure in the past, and he sees no reason to think the 2020 halving will be any different.

But this time, Green tells the Financial Mirror that he believes Bitcoin will also be bolstered by an economic environment that’s favorable for cryptocurrencies.

“We’re moving towards an era of zero-interest rates. This reduces the incentive to keep fiat currency. In addition, rate cuts typically lead to higher inflation, which reduces the purchasing power of traditional currencies.

Therefore, Bitcoin, and other decentralized cryptocurrencies, become more attractive and the price will adjust upwards accordingly.”

In a new blog post, Green argues that the pandemic may suffocate many sectors of the economy, but it will also create new opportunities for investors.

“Savvy investors are now actively seeking out these ‘new world’ sectors and businesses so as to accumulate and safeguard their wealth.”

According to Green, Silicon Valley tech giants such as Apple, Facebook, Amazon and Alphabet may still offer positive opportunities for investors, as well as supermarkets, healthcare and pharmaceutical companies, delivery brands and electronics manufacturers.

DeVere Group currently has 80,000 clients around the world, with more than $10 billion in assets under advice and administration.

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