ChainCatcher news, according to Jin10 reports, deVere Group CEO Nigel Green stated that after breaking through psychological barriers, Bitcoin may experience a short-term sell-off. "It is natural for some investors to lock in profits after such a rapid increase in such a short time. This sell-off may only be temporary, and thereafter Bitcoin's momentum will further strengthen, potentially soaring to $120,000 as early as the first quarter of next year." "Bitcoin's extraordinary performance comes as the market anticipates that Trump 2.0 will create a more favorable regulatory framework for cryptocurrencies. Investors are betting on the incoming U.S. president's supportive stance on cryptocurrencies."

ChainCatcher news, Nigel Green, CEO of deVere Group, one of the world's largest independent financial advisory and asset management firms, warned that the Federal Reserve must take bold action and implement a massive 50 basis point rate cut in September to address the impending economic storm.Nigel Green stated, "Current interest rates are at their highest in over 20 years, and there is no room for hesitation. A 25 basis point cut may signal a change in direction, but it is not the aggressive action needed to avoid a potentially disastrous hard landing. The case for a bold 50 basis point cut in September is clear. Such a move would strongly indicate that the Federal Reserve is serious about steering the U.S. economy away from the brink of recession. Following that, cutting rates by another 25 basis points in November and December would not only address current concerns but also lay the groundwork for sustainable economic growth." (Jin Shi)

ChainCatcher news, according to streetinsider, cryptocurrency advocate and deVere Group CEO Nigel Green stated that the SEC's approval of 11 Bitcoin spot ETFs this Wednesday is a milestone that will drive Bitcoin higher, potentially reaching $60,000 by the end of March 2024.Nigel Green said: "The approval of the Bitcoin ETF represents a thorough institutional validation of cryptocurrency, and one of the main catalysts for the expected surge in Bitcoin prices is the anticipated influx of capital following the ETF's approval. The ETF itself also helps to popularize the cryptocurrency market, allowing a broader range of investors to participate. As more countries embrace the idea of regulated Bitcoin ETFs, Bitcoin may gain further recognition on the international stage, attracting a wider array of investors and pushing prices to potentially new high levels. In the wave of investor enthusiasm, I wouldn't be surprised if Bitcoin reaches $60,000 this quarter and climbs to even higher positions within the year."