Despite the possibility of higher volatility in the crypto market, Nigel Green, CEO of the financial advising and asset management company DeVere Group, anticipates that cryptocurrency investors will increase their holdings in the upcoming months.<\/p>\n
This emerges at a time when major central banks are signaling that this year will see further rate rises in an effort to leash the inflationary trend. Even the Bank of England and the US Federal Reserve have left no doubts about this.<\/p>\n
CEO Green pointed out that most stock market segments were likely to experience more reductions as businesses cut back on borrowing out of concern for the unprecedented global recession.<\/p>\n
“Given Bitcoin and Ether’s current correlation with stock markets, we anticipate further, perhaps heightened, volatility in the crypto market before the end of 2022,” he said.<\/p>\n
“However, for serious investors, this will not necessarily be seen as bad,” Green added.<\/p>\n
That is because “Some of the world’s best investors consistently use market volatility as major buying opportunities in traditional financial markets — and the cryptocurrency market is now no different,” said Mr. Green.<\/p>\n
“When used effectively and efficiently, volatility can be an extremely powerful investment strategy.”<\/p>\n
Except for a few altcoins, there were no noticeable price movements over the weekend in the pricing of large-cap cryptocurrencies.<\/p>\n
However, immediately following the publication of US Consumer Price Index data that showed inflation at 8.2%, a severe decline was generated, followed by a decrease in market volatility. <\/span><\/p>\n
Although the Federal Reserve has increased interest rates three times this year, five of its top members have maintained a hawkish perspective, according to CEO Green. This is because global inflation is high and only rising. <\/span><\/p>\n
Inflation in the US is much higher year-over-year at 8.2 percent compared to the 5.39 percent reported the year before. <\/span><\/p>\n
Green anticipates another 75 basis-point increase at the upcoming Federal Open Market Committee (FOMC) meeting, which is anticipated to take place early next month.<\/p>\n
As the year comes to a close, not just the Fed is anticipated to maintain its hawkish stance. The Bank of England’s Monetary Policy Committee has also made overt references to rising interest rates at its upcoming meeting on November 3. <\/span><\/p>\n
DeVere claims that Bitcoin is still the world’s best-performing asset class and has regularly been rated among the top performers in both the traditional and crypto investing sectors. <\/span><\/p>\n
The company also noted that over the previous five years, Bitcoin<\/a> had beaten big tech firms by a wide margin, including Amazon (355%), Google (322%), Microsoft (183%), and Apple (166 percent). <\/span><\/p>\n
However, the CEO of deVere claims that the volatility won’t harm serious investors. <\/span><\/p>\n
“Serious investors will not be spooked by further volatility. This isn’t their first rodeo.”<\/p>\n
But Nigel Green is not alone!<\/p>\n
“That’s when we’re buying. We’re waiting for those opportunities,” he said in an interview.<\/p>\n
But he also sees “good opportunities” with staking certain assets.<\/p>\n
Considering a Bigger Picture <\/span><\/p>\n
While crypto volatility can bring large gains for seasoned crypto investors, beginner-level crypto enthusiasts would find crypto presales to be a better deal. IMPT<\/a> is one of the best presales of 2022. It is taking an eco-friendly approach toward crypto assets and trying to revolutionize carbon-credits trading. Those who’re interested can grab this presale opportunity here<\/a>.<\/p>\n\n \n","protected":false},"excerpt":{"rendered":"