Bitcoin Primed to Hit $100,000 By Year-End, Predicts deVere Group CEO

IconCryptoNewsTerminal Staff19 Jul, 2024

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Bitcoin Primed to Hit $100,000 By Year-End, Predicts deVere Group CEO

Nigel Green, CEO of deVere Group, expressed optimism for Bitcoin's (BTC) price in a YouTube video. He anticipates BTC to jump by more than 52% from its current price, surpassing $100,000 by the end of 2024. This prediction is based on the belief that increasing demand will drive the price higher. Green emphasizes Bitcoin's limited supply, stating, "It's not like the US dollar which can be printed at will." He attributes the coin's resilience to its finite quantity, which he believes will lead to price appreciation as demand grows. Green cites several factors contributing to his bullish outlook, including the potential for a Bitcoin spot exchange-traded fund (ETF) approval and ongoing global uncertainty. He acknowledges the unpredictability of future events but remains confident in Bitcoin's prospects.

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