Сrypto enthusiast predicts the growth of the main cryptocurrency to $50,000

The recent growth in the rate of the first crypto-coin allows us to count on reaching the $50,000 mark this month. This forecast was voiced by the head of the consulting firm DeVere Group Nigel Green.

The price of BTC was falling below $50,000 amid recent events, but in early March, the price of bitcoin crossed the $45,000 mark. On February 28, BTC rose by about 15% in 24 hours. According to Nigel Green, the factor of geopolitics and the investments of institutional investors have become the foundation for the recovery of quotations.

“Individuals, companies and even government agencies are looking for alternatives to traditional systems,” said the crypto enthusiast.

According to the head of the DeVere Group, digital currencies have proven to be “reliable and workable, the reserve status of the dollar may ultimately be in jeopardy.” Nigel Green believes that experienced investors have this information and should increase their investment in cryptocurrencies, which are still attractive to institutional investors.

“Bitcoin has moved to 14th place in terms of value among world currencies. I expect that in the coming months it will move to higher positions,” admitted Green.

However, the analyst did not voice a forecast regarding the possibility of the return of the BTC rate to a historical maximum exceeding $68,000.

In turn, Kenneth Griffin, CEO of the major market maker Citadel, one of Bitcoin critics, called digital currencies the biggest event in the financial market over the past 15 years. The businessman has not yet become a 100% supporter of cryptocurrency assets but noted that his company will not ignore the industry with a capitalization of $2 trillion.

“I still doubt it, but today there are hundreds and millions of people who disagree with this. […] We should seriously consider becoming a market maker in cryptocurrencies,” he said.

Kenneth Griffin noted that his company could take practical steps “in the coming months.”