Nigel Green, CEO of financial services firm deVere Group, discussed his assessments of Bitcoin, Ethereum, Solana, and Cardano and the possible end date of the bull market.
Green shared his views on Bitcoin, Ethereum, Solana and Cardano in his evaluation. According to him, Bitcoin may continue to rise until the second quarter of 2022 due to inflation concerns:
“These latest data from the US will only add to global fears about inflation as price pressures increase around the world…
And it’s likely to last until at least the beginning of the second quarter of 2022, when pressures should start to ease.
Against this backdrop, and between some highs and lows along the way, as markets never move in a straight line, we can expect to see the price of Bitcoin and other major cryptocurrencies continue to rise…
Bitcoin is seen as a shield against inflation due to its limited supply, which is generally unaffected by its price. ”
Green also thinks that this increase in the value of Bitcoin will be reflected in the prices of leading smart contract platforms. According to him, Ethereum, Solana and Cardano will be positively affected:
“Bitcoin’s gravitational pull over other digital assets will show itself again this week, keeping its strength and pushing other major cryptocurrencies up.
We can expect fintech development-related cryptos such as Ethereum, Solana, and Cardano to perform particularly well. ”
