According to deVere Group CEO Nigel Green, he sold half of his bitcoins at Christmas when the first cryptocurrency broke a new record.
According to the founder of the deVere Group, he just decided it was time to sell some of his BTC holdings, as Bitcoin grew by more than 200% in 2020. Green stressed that now you need to treat bitcoin like any other investment asset – buy at the bottom and sell at the top.
“I sold half of my bitcoin supply when it hit a new high. I thought it was time to take profit. But you shouldn’t think that I sold bitcoin because of a lack of faith in it or faith in the concept of cryptocurrencies. I sold to buy even more BTC later. In fact, now I believe more than ever in the future of cryptocurrencies, ”Green said.
According to the investor, he expects a quick rollback of the bitcoin rate – many traders sell at the top, so a decline in the first cryptocurrency is quite likely. However, in the long term, he believes in the unconditional growth of BTC.
Earlier, the CEO of deVere Group said that defensive assets like gold and bitcoin are rising during times of uncertainty in financial markets.