{"id":144897,"date":"2019-04-02T12:19:51","date_gmt":"2019-04-02T16:19:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144897"},"modified":"2019-04-02T07:21:09","modified_gmt":"2019-04-02T11:21:09","slug":"bitcoin-jumps-20-and-could-hit-7000-within-months","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/bitcoin-jumps-20-and-could-hit-7000-within-months\/","title":{"rendered":"Bitcoin jumps 20% and could hit $7,000 within months"},"content":{"rendered":"
April 2, 2019<\/div>
\r\n<\/div><\/div>

By George Prior<\/strong><\/p>\n

The Bitcoin price has bottomed and the crypto-winter has come to an end, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The comments from Nigel Green, founder and chief executive of deVere Group, comes as Bitcoin, the world\u2019s largest cryptocurrency by market capitalisation, jumped 20 per cent in less than an hour Tuesday morning.<\/p>\n

Mr Green says: \u201cAfter being in bear territory there is a growing sense that Bitcoin is back. \u00a0I\u2019m now calling that the market has bottomed and the so-called crypto winter has come to an end.<\/p>\n

\u201cI believe Bitcoin will now move higher over the next few weeks and months, making steady gains for investors.\u00a0 As the largest cryptocurrency by market cap, this will have a positive impact on prices in the wider crypto sector.\u201d<\/p>\n

The\u00a0Bitcoin price crossed the $5,000, touching the highest level since November 2018 in the early hours of Tuesday, London time. All other major cryptocurrencies, including Ethereum, XRP and Litecoin\u00a0have experienced gains of around 10 per cent.\u201d<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

He continues: \u201cThis dramatic jump is likely to attract many investors who have been sitting on the sidelines.<\/p>\n

\u201cIn addition, it can be expected to reignite institutional interest.\u201d<\/p>\n

Late last year, the deVere CEO suggested that Bitcoin and other cryptocurrencies are, on the verge of a true global breakout, largely due to ‘FOMO’, the fear of missing out.<\/p>\n

\u201cAdoption is increasing all the time. This is evidenced not only in the financial sector, in which major banks are increasingly looking at blockchain and\u00a0crypto,\u00a0but with big names within the tech and retail sectors too,\u201d he observed.<\/p>\n

\u201cI feel that there\u2019s a growing sense amongst institutions that unless they embrace this sector, their competitors could move way out in front and they might find it difficult to catch up.\u00a0 This is especially true as the public – their customers – are increasingly eager to explore the opportunities themselves.\u201d<\/p>\n

Nigel Green concludes: \u201cThere is increasing acceptance that cryptocurrencies are inevitably the future of money, and the environment is now right for a sustained climb in prices.<\/p>\n

\u201cI think we could reasonably see the Bitcoin price hitting $7,000 in the next few months.\u201d<\/p>\n

About:<\/strong><\/em><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior The Bitcoin price has bottomed and the crypto-winter has come to an end, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations. The comments from Nigel Green, founder and chief executive of deVere Group, comes as Bitcoin, the world\u2019s largest cryptocurrency by market capitalisation, jumped 20 per cent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144897","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=144897"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144897\/revisions"}],"predecessor-version":[{"id":144898,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144897\/revisions\/144898"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}