RATE Group | Bitcoin’s sharp recovery to take price beyond $7,000 in next week: deVere CEO
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Bitcoin’s sharp recovery to take price beyond $7,000 in next week: deVere CEO

20 Mar Bitcoin’s sharp recovery to take price beyond $7,000 in next week: deVere CEO

Posted at 23:49h in Cryptocurrency News by

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March 20, 2020 (Investorideas.com Newswire) The price of Bitcoin is likely to recover to at least $7,000 in the next week, with the wider cryptocurrency market receiving a major resurgence.

This is the bullish forecast from Nigel Green, the chief executive of deVere Group, one of the world’s largest independent financial advisory and services organizations.

It comes as the price of Bitcoin, the largest digital currency with a current market capitalisation of around $130bn, shot up by more than 20 per cent in 24 hours on Thursday.

Mr Green, who launched the deVere Crypto app in 2018, says: “Global financial markets – such as stocks, oil, currency, bonds and gold – experienced a massive sell-off this week. Investors who needed cash went into panic-mode about the coronavirus pandemic and whether governments’ and central banks’ policies are enough to mitigate the economic impact.

“Bitcoin was no different from any of these other assets – including the safe havens – it was…

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