Bitcoin Marches Toward $150K as Dollar Confidence Crumbles Worldwide, Expert Says

CN
3 hours ago

A renewed surge in investor enthusiasm has driven bitcoin to record levels, highlighting the digital asset’s growing influence in global markets. Financial advisory firm Devere Group CEO Nigel Green said on Oct. 5 that the cryptocurrency’s sustained strength reflects a fundamental evolution in investor perception, with institutional demand and political backing helping reinforce market confidence. He pointed to a weakening dollar and growing capital inflows as signs that investors are increasingly viewing bitcoin as a hedge against fiscal and monetary uncertainty.

“The price action reflects a deeper structural change in how investors view digital assets,” Green stated. “ Bitcoin is no longer a speculative corner of the market; it’s being treated as a legitimate macro instrument. Institutional capital, treasury allocations, and sovereign interest are reshaping the market’s depth and maturity.”

He added:

Every time the dollar softens or government data is delayed, the market is reminded of the value of decentralized, borderless assets. Bitcoin’s appeal strengthens when trust in central authority is questioned, and right now, that trust is under heavy strain.

“Short-term corrections are part of a healthy market dynamic, especially in a phase of expansion like this,” Green noted.

“Policy matters,” explained the Devere CEO. “When the administration signals openness to innovation, it catalyzes institutional confidence. This policy tailwind, coupled with clearer regulatory direction, is propelling bitcoin into the mainstream of portfolio strategy.” He continued: “Large asset managers, corporates, and even governments are incorporating Bitcoin into their frameworks for diversification and strategic reserve management. The breadth of adoption is what gives this rally staying power.”

Green further shared: “We’re in a phase where digital assets are integral to the global financial system. Bitcoin’s limited supply and growing integration make it an essential hedge in a world of mounting fiscal pressure and currency depreciation.” The executive concluded:

Should confidence continue, $150,000 looks increasingly achievable before the end of the year.

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