Bitcoin value set to surge, says deVere Group's Nigel Green

Year-to-date value has risen 40%

Bitcoin is set to surge in value by the end of the year, but investors will not want to "sleepwalk" through a 2017-style mini-boom, according to Nigel Green, the deVere Group chief executive.

Green said there had been an avalanche of interest in bitcoin in recent weeks from household-name investors. "Investor activity is picking up considerably with various on-chain metrics and ongoing - and heightening - global political, economic and social turbulence suggesting that there will be a price surge before the end of the year," he said. Market Movers Blog: SEC 'open' to cryptocurrency ETFs "Like gold, Bitcoin can be expected to retain its value or even grow in value when other assets fall, therefore enabling investors to reduce their exposure to losses. "There is a grow...