{"id":4652,"date":"2021-01-05T11:18:22","date_gmt":"2021-01-05T11:18:22","guid":{"rendered":"https:\/\/www.futuresandoptions.gr\/en\/?p=4652"},"modified":"2021-01-05T11:29:02","modified_gmt":"2021-01-05T11:29:02","slug":"devere-ceo-i-sold-half-my-bitcoin-holdings-over-christmas","status":"publish","type":"post","link":"https:\/\/www.futuresandoptions.gr\/en\/devere-ceo-i-sold-half-my-bitcoin-holdings-over-christmas\/","title":{"rendered":"deVere CEO: \u201cI sold half my Bitcoin holdings over Christmas”"},"content":{"rendered":"\n

As Bitcoin hits nearly $32,000, Nigel Green, the CEO of one of the world\u2019s largest financial advisory and fintech organizations has revealed that he has sold half of his Bitcoin holdings.
 
The revelation from the deVere Group chief executive Nigel Green \u2013 one of the first high-profile cryptocurrency advocates \u2013 comes as the Bitcoin price hit another all-time high.
 
The world\u2019s largest cryptocurrency by market capitalisation jumped to more than $34,000. The value of all Bitcoin in circulation is now around $492 billion.
 
Mr Green stated: \u201cI have sold half my holdings of Bitcoin as it hit an all-time high.  Why? Because it should now be treated as any other investment \u2013that\u2019s to say, where possible, it\u2019s better to sell high and re-buy in the dips.
 
\u201cThe steady gains in the price of Bitcoin has made the digital currency the top-performing asset of 2020, up over 200%. As such, I felt the time was right for profit-taking.\u201d
 
He continues: \u201cThere should be no misunderstanding about my decision to sell.  It is not due to a lack of belief in Bitcoin<\/a>, or the concept of digital currencies \u2013 it\u2019s profit-taking now to buy more later.
 
\u201cIndeed, more than ever, I believe that the future of money is cryptocurrencies.\u201d
 
As Bitcoin surged past $20,000 for the first time ever last week the CEO noted that as some of the world\u2019s biggest institutions \u2013 amongst them multinational payment companies and Wall Street giants \u2013 \u201cpile ever more into crypto, bringing with them their enormous expertise and capital, this in turn, swells consumer interest.\u201d
 
He went on to note that with governments continuing to support economies and increase spending due to the pandemic, investors are increasingly going to look to Bitcoin as a hedge against the \u201clegitimate inflation concern.\u201d 
 
Previously Mr Green observed that inherent traits of cryptocurrencies are ever-more attractive. \u201cThese characteristics include that they\u2019re borderless, making them perfectly suited to a globalised world of commerce, trade, and people; that they are digital, making them an ideal match to the increasing digitalization of our world; and that demographics are on the side of cryptocurrencies as younger people are more likely to embrace them than older generations.\u201d
 
In addition, a global poll carried out by deVere Group found that nearly three-quarters of high-net-worth individuals will be invested in cryptocurrencies before the end of 2022.
 
The deVere CEO concludes: \u201cLike me, many traders will sell record high prices as an opportunity to sell, so we can expect some pullback on prices in the near-term.
 
\u201cBut the longer-term price trajectory for Bitcoin is, I believe, undoubtedly upwards.\u201d<\/p>\n\n\n\n

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

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