Further Bitcoin falls will see institutional investor surge, says deVere CEO

Mark Battersby
clock • 1 min read

A Bitcoin price drop will trigger a surge in institutional investment, driving up the price permanently, according to Nigel Green, chief executive and founder of deVere Group. His latest view comes after the world's largest cryptocurrency, which is up nearly 500% since the rally started in October, fell after hitting all-time price highs earlier this month of more than $61,000. Green said: "It's likely that institutional investors are waiting for prices to dip a little further and are poised to significantly increase their exposure to crypto when they do. Should this happen, as we exp...