Let’s cover the basics of Bitcoin
Cryptocurrencies are digital currencies that use the power of encryption to verify pending transactions and pump out new units of currency. These cryptocurrencies are unlike the currencies that dominate the modern world of finance, as none of them are issued by governments’ central banks.
Bitcoin (BTC) is the world’s most valuable, most popular, and oldest cryptocurrency. It was founded in 2009 by Satoshi Nakamoto, a pseudonym that the sole inventor of BTC, if not a group of people who were behind the creation of BTC. To this day, it isn’t clear who Satoshi Nakamoto is, though the individual or group has no control over the trade or issuance of new units of BTC.
BTC first hit the scene in early 2009. Roughly five years after its practical implementation, its price rose from pennies per bitcoin to a peak of roughly $1,130.
Its price steadily declined over the years, reaching a then-low of about $240 in Sep. 2015. BTC’s price slowly began climbing, then exploded around May 2017. BTC eventually hit an all-time high just short of $20,000.
Since then, the price fell to about $4,000 in Jan. 2019. Since then, the market has held extraordinarily steady at a rough price of $3,800 to $4,200.
You’re probably familiar with the acronym FOMO. If not, it’s ok – FOMO is a relatively new term to hit the scene of English slang. FOMO stands for “fear of missing out,” a common feeling that the English language doesn’t have a good, single word to describe.
If you’re having trouble understanding what the fear of missing out is, assume that it’s a Saturday night and you’re sitting at home by yourself. A group of your friends asks you if you’d like to visit a popular local club with them. Even though you’re not keen on clubbing, you’re worried that you might miss out on something if you don’t roll with your friends to the club tonight. As such, you reluctantly agree. The best, most concise way to describe why you hit the club with your friends even though you didn’t really want to is with the acronym FOMO.
In the past few days, the price of BTC recently broke $5,000.
Seme 16 months after the world’s first cryptocurrency rallied to an all-time high of about $20,000 per unit, the price of BTC has seemed to stabilize. Now, a world-class executive atop a financial services firm believes that the price of the digital currency will surge even further, potentially granting major gains to people who hop aboard the investment train right now and ride it until the price of BTC increases by about a couple thousand dollars.
Here’s the name behind this gutsy call
Since the world of crypto and Bitcoin Analysis is so new, nobody truly knows when or if the price of various Digital Currencies will rise or fall.
However, since Nigel Green, the Chief Executive Officer and founder of DeVere Group, boasts a proven track record of seemingly knowing precisely when to hop aboard the crypto train and invest money in certain cryptocurrencies, it only makes sense to at least entertain his prediction.
Green strongly believes, based on his extensive Bitcoin Analysis, that the price of BTC will hit a strong $7,000 in just a few months’ time. Hopping on now is the best idea for people who can afford to risk a portion of their nest eggs in high-risk investing.
The DeVere Group is worth roughly $10 billion, having accumulated its wealth by offering advisory and portfolio management services to wealthy people with Digital Currencies.