deVere Group CEO is confident that crypto assets will continue to rise in the long run, despite the constant volatility for weeks.
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The CEO of the company, Nigel Green, discussed the reasons for Bitcoin’s decline.
Green stated that there is a worldwide concern about the Fed’s plans to increase interest rates, which has a negative impact on the markets.
Green believes that the current Bitcoin volatility will continue for a limited time as inflationary economic policies remain in place.
Bitcoin fell from $69,000 in November to around $40,000. But Green is positive long-term:
Bitcoin is trading at $41,049 at the time of writing, according to CoinMarketCap data.