The war pushed many individuals to look for financial alternatives such as cryptocurrency, which could drive Bitcoin to $50,000 by the end of the month, the CEO of DeVere Group, Nigel Green claimed.
“As banks close, ATMs run out of money, threats of personal savings being taken to pay for the war, and the major international payments system SWIFT is weaponized, amongst other factors, the case for a viable, decentralized, borderless, tamper-proof, unconfiscatable monetary system has been laid bare.”
Assuming the Western world keeps imposing penalties on Russia, Bitcoin might tap $50K by the end of the month, Green forecasted.
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