Nigel Green: “I sold half my bitcoins for Christmas”

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According to deVere Group CEO Nigel Green, he sold half of his bitcoins at Christmas when the first cryptocurrency broke a new record.

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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.

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Earlier, the CEO of deVere Group said that defensive assets like gold and bitcoin are rising during times of uncertainty in financial markets.

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