Nigel Green Predicts the Breakout of BTC

News • 2020/08/31 • 通过 Remitano

The Founder of the Devere Group, Nigel Green, predicts a breakout for bitcoin before the end of 2020. This prediction is as a result of the upcoming United States election and the weak dollar. He stated that these two factors would be sources of increase for BTC price.

He affirmed that the leading digital asset would be motivated for the remaining months of the year due to the uncertainty that'll be created by the coming election in the US and dollar weakness. Investors will prefer assets not linked to a particular country such as BTC and gold.

According to analysts, the coming poll could lead to a fall in the dollar value and an increase in gold value. However, while analysts keep raising concerns about gold status, bitcoin continues to establish its position as digital gold. Nigel also added that pumping a huge sum of money into the financial system caused the decrease in value of the dollar.

Source: News.bitcoin

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