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Home NEWS Could the 2017 bitcoin boom be recurring?

Could the 2017 bitcoin boom be recurring?

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"There will be a miracle happening later this year"

[speaker]

 

The founder of one of the largest independent financial consulting firms in the world deVere Group, said “the evolution of Bitcoin In the final months of 2020, which looks a lot like what happened in 2017, there is a high chance that the 2017 boom could happen again.

In a corporate blog post, deVere Group CEO Nigel Green revealed that later this year the miracle will happen as bitcoin is ready to bull run.

"As far as the experienced analysts and investors I know, more and more are their opinion that the market will undergo a correction similar to December 12 by the end of this year."

"The price has not yet caught up with investor interest but it is only a matter of time," Green said.

Green said he believes the combination of external factors will trigger a massive rally for BTC before 2020 is over.

“There has been something about interest in Bitcoin in recent weeks from big investors (sharks). Their activities such as cryptocurrency moves… have increased significantly with many moves recorded. And global political, economic and social instability is underway… all of this suggests that there will be a significant price hike before the end of the year ”

In August, Green also predicts that macroeconomic factors will support bitcoin throughout the rest of 8.

"I believe the US presidential election and the weakening of the US dollar will boost the price of bitcoin for the rest of 2020 months"


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