The CEO of Devere Group has shared multiple reasons why he is buying the dip. 'I believe that the trajectory of bitcoin and other major cryptos is upwards,' he said. cryptocurrency $BTC
“Despite the recent turbulence, I believe that the trajectory of bitcoin and other major cryptos is upwards,” he said.The CEO of financial advisory and asset management firm Devere Group, Nigel Green, has confirmed that he is buying the bitcoin dip. In a blog post published this week, the executive outlined various reasons why he is buying more bitcoin amid the crypto market sell-off.
But like many serious crypto investors, I’m buying the dip. I’m embracing this short-term volatility for longer-term gains.. “One reason is that I’m ‘whale watching,'” he revealed, noting that “Whales are investors who are giant crypto holders, holding enough assets to have the potential to move currency valuations.”
“Also, there’s other noticeable whale activity taking place. The number of new wallets holding between 10,000 and 100,000 bitcoins has jumped by 103 in the last 30 days,” he pointed out. He added: “Like many major corporations, financial institutions, governments, prestigious universities, and household-name investing legends, I’m confident that digital currencies are the inevitable future of money.”
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