deVere's Green dumps 'half of bitcoin holdings' over Christmas

Profit-taking to buy more later

Lauren Mason
clock • 2 min read

deVere Group's CEO Nigel Green sold half of his bitcoin holdings over the Christmas period, despite the fact he believes the long-term trajectory for the cryptocurrency is "undoubtedly upwards".

Green, who has been chief executive of the firm since 2002, describes himself as "one of the first high-profile cryptocurrency advocates" but reduced his exposure as the price of the asset hit an all-time high of $24,661 on Christmas Day. From 'speculative bubble' to 'strengthening brand': Waverton performs volte-face on Bitcoin "[Bitcoin] should now be treated as any other investment - that is to say, where possible, it is better to sell high and re-buy in the dips," he said. "The steady gains in the price of bitcoin has made the digital currency the top performing asset of 2020, ...

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