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Devere CEO Bullish on Bitcoin, Predicts BTC Hitting $50,000 This Month – Markets and Prices Bitcoin News

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The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.”

Devere’s CEO on the Future of Bitcoin

The CEO of Devere Group, Nigel Green, has predicted that bitcoin’s price will reach $50,000 by the end of this month. Devere is an independent financial advisory and asset management firm headquartered in the UAE.

The executive said on Tuesday after the price of bitcoin surged more than $6,000 in 24 hours:

As it currently stands, I can see no reason why this price momentum should falter. I think we can expect to see bitcoin hit $50,000 by the end of this month.

However, he noted that it is “too early to say” when the price of bitcoin will revisit last year’s all-time highs. Based on data from Bitcoin.com Markets, BTC peaked at $68,892 on Nov. 9.

Green believes that “It’s not that big a leap…

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