Nigel Green, CEO of Devere Group, predicts that Bitcoin could surpass the performance of the Nasdaq and gold following a market reset. On December 1, Green highlighted that Bitcoin has undergone a more significant correction compared to equities and gold, with its volatility mirroring Nasdaq-like movements. He noted that a 4% decline in tech stocks resulted in a nearly 30% drop in Bitcoin, underscoring its risk sensitivity.
Green believes that corrections driven by deleveraging are beneficial, as they pave the way for genuine demand to reemerge. He also pointed to improving macroeconomic indicators, suggesting that even a slight reduction in macro pressures could lead to a robust Bitcoin rally. Green emphasized Bitcoin's scarcity and recalibrated demand as factors that could drive its outperformance in a recovery scenario.
Bitcoin Poised to Outperform Nasdaq and Gold, Says Devere CEO
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