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According to Nigel Green, CEO of deVere Group, now is the most convenient time to buy cryptocurrency in the current cycle.
Many retail traders are aggressively selling bitcoin, ether and other coins out of fear that the correction will drag on and lead to a more painful fall in the value of BTC.
Greene remains optimistic, however. According to him, buying the current fall is the right tactic.
The head of deVere shares the point of view of those experts who believe that the future belongs to cryptocurrencies. These tools are fundamentally changing the global infrastructure.
Greene emphasized:
I use the low prices of Bitcoin and other major cryptocurrencies to fund my portfolio. Why? Because, like many corporations, financial institutions, governments, prestigious universities and famous financiers, I believe digital currencies are the inevitable future of money.
Bitcoin has been trading in the red for the past few days.
Analysts associate his retreat with the withdrawal of investors to cash in connection with the willingness of the Fed to raise the discount rate.
In addition, mining pools are engaged in sales, fearing further complications in the situation in Kazakhstan, which ranks second in terms of BTC computing power.
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