FMP

FMP

Ignore Bitcoin Deniers

While Bitcoin dropped more than 18% in December, recording its worst monthly performance since May 2021, Nigel Green from deVere Group advises to “ignore the crypto deniers”, whose arguments focused on two main things - (1) cryptocurrencies are used by criminals, (2) crypto market is volatile, “have been answered”.

Instead, Green suggests investors, who want to build their wealth for the long-term, should look at the data, which shows that Bitcoin has outperformed both stocks and gold for the third consecutive year.