Green says that the halves of Bitcoin, which halved the new supply of BTC entering the market, have created “huge” buying pressure in the past, and he sees no reason to think that halving it of 2020 will be different.
But this time, Green tells the Financial Mirror that he thinks Bitcoin will also be supported by an economic environment favorable to cryptocurrencies.
“We are heading into an era of zero interest rates. This reduces the incentive to keep fiat money. In addition, rate cuts generally lead to higher inflation, which reduces the purchasing power of traditional currencies.
As a result, Bitcoin and other decentralized cryptocurrencies are becoming more attractive and the price will adjust upward accordingly. “
In a new blog post, Green says the pandemic can stifle many sectors of the economy, but it will also create new opportunities for investors.
“Savvy investors are now actively seeking these” new world “industries and businesses to accumulate and safeguard their wealth.”
According to Green, Silicon Valley tech giants such as Apple, Facebook, Amazon and Alphabet may still offer positive opportunities for investors, as well as supermarkets, healthcare and pharmaceutical companies, delivery brands and electronics manufacturers.
The DeVere Group currently has 80,000 customers worldwide, with more than $ 10 billion in assets under advice and administration.