Bitcoin (BTC) has set a new ATH level this week, making the crypto community extremely happy. The 12 billion dollar deVere CEO also turned his attention back to Bitcoin.
The new record has made Bitcoin more mainstream, according to CEO Nigel Green. Green also stated that investors should consider incorporating crypto assets into their portfolios.
Upward Movement Will Continue
Nigel Green had predicted that the asset would reach a new ATH level while the rest of the market fell in July 2021. Green was right in this guess. The SEC’s ETF approval has a big impact on this.
ProShares’ Bitcoin Strategy Fund reached $1 billion in AUM in just two days, making it the fastest ETF to do so.
Green listed five reasons for the rally to continue:
According to Green, the first reason is that with the intervention of regulators, Bitcoin may be on the coast of “divine status” compared to other cryptos.
As the second reason, he showed that investors who took risks in the early period made big profits and companies that wanted to get a share from it were included.
Third, he points out that celebrities such as Elon Musk, Jack Dorsey, and Cathie Wood have given crypto credibility.
Fourth, he suggests that as the value of crypto rises, institutional investors will become even more voracious.
Finally, it demonstrates the wholesale transformation of crypto assets, and especially Bitcoin, in doing business, transacting and asset management.
