Bitcoin (BTC) is witnessing a great boom at the moment. Cryptocurrency investors and prominent traders, who are quick to tracing reasons behind price increments, have not been able to fathom what activated the long expected but surprising surge.
As we keep on wondering what actually led to the increase, founder of a prominent independent financial advisory organisation, has insinuated that the Bitcoin (BTC) price could touch the $7,000 considering the pace at which the digital asset is firing.
Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial advisory organizations, said “there is a mounting sense that Bitcoin is back”, and so, averred that the crypto winter has reached its end.
According to the CEO of the advisory organisation, there is no doubt that Bitcoin will move up over the coming weeks and months. The spooky upsurge, he said would result into a steady gains for investors and will reawaken institutional interest in the sector.
Last year, Nigel said Bitcoin and other top cryptos were moving towards a global breakout due to the fear of missing out (FOMO), the prophesy is beginning to materialise as major banks are looking toward cryptocurrencies and its underlying technology –blockchain.
Nigel, whose deVere Group performs business in over 100 countries with more than $12bn under advisement, believes Bitcoin could go as far as $7,000, pointing that institutions are beginning to realise that “unless they truly embrace crypto” it may be hard for them to compete since their customers are fascinated towards cryptocurrencies.