Lost profit syndrome will affect price increases

Nigel Green, CEO of deVere Group, one of the largest independent financial advisory firms, believes that the price of Bitcoin will rise sharply towards the end of the year due to FOMO.

As some companies become increasingly interested in blockchain technology and cryptocurrency, others are afraid of being left out and missing out on the opportunity to develop and earn money. Many companies worry that if they miss out on new opportunities, they will not be able to move forward and be passed over by competitors, especially as their clients are keen to explore this area themselves.

“Blockchain technology and cryptocurrency are attracting interest not only from the financial sector, where large banks are increasingly considering their adoption, but also from large companies in the technology and retail sectors,” says Nigel Green.

Additionally In addition, Girin recently attended the DELTA Crypto Summit in Malta, along with the Prime Minister of Malta, Joseph Muscat, and other thought leaders from the fintech, digital and cryptocurrency sectors.

Thanks to the Maltese government's progressive, forward-thinking and truly innovative approach to cryptocurrency regulation and legislation, Malta is positioning itself as a global leader in these ever-expanding markets. I also share Prime Minister Muscat's view that cryptocurrency is the money of the future.

Mr Green is not confident that the price of Bitcoin will soar to the highs of 2017, but believes that it could increase very significantly towards the end of 2018 precisely due to the FOMO effect - the fear of missing out on opportunities and being left behind.