Latest news with #NigelGreen
The Independent
22-05-2025
- Business
- The Independent
Why experts think bitcoin is at a ‘pivotal moment'
Bitcoin 's price surged to an all-time high of over $110,000, a nearly 50 per cent increase since April, surpassing its previous record. Favorable market conditions, including de-escalation of the US-China trade war, lower interest rates, and increased global liquidity, contributed to the rally. Nigel Green, CEO of global financial advisory firm deVere Group, said bitcoin is at a 'pivotal moment' due to political momentum and retail resurgence. Other cryptocurrencies like Ethereum, Solana, Dogecoin, and Cardano have also seen price increases. Crypto analysts are revising their 2025 price predictions, with some suggesting Bitcoin could reach $175,000 or higher.
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin hits all-time high amid ‘price explosion'
The price of bitcoin has risen above $110,000 for the first time in its history, after surging nearly 50 per cent since April. The record-breaking rally takes the cryptocurrency above its previous all-time-high of just over $109,000, which it reached in January. The fresh high comes amid favourable market conditions for bitcoin and other risk assets, including a deescalation in the US-China trade war, as well as the lowering of interest rates across Europe and Asia. 'There are a number of narratives stewing that could cause the bitcoin price to explode,' Simon Peters, a crypto analyst at the investment platform eToro, wrote in an emailed comment to The Independent on Thursday. 'Firstly, global liquidity – essentially how much money is available in the global economy and a metric which the bitcoin price closely mirrors – is forecast to increase throughout the year. 'Secondly, a vast number of buyers and increased amounts of capital are all chasing a fixed supply. As well as individual investors, more publicly traded companies are adopting bitcoin treasury strategies, buying billions of dollars worth at a time.' Other leading cryptocurrencies have mirrored bitcoin's recent fortunes, with Ethereum, Solana, Dogecoin and Cardano all seeing significant price increases in recent days. The market surge has led some crypto analysts to revise their price predictions for 2025, though caution is always still advised due to the volatile nature of bitcoin. Nigel Green, CEO of global financial advisory firm deVere Group, told The Independent that the latest rally means his previous forecast for bitcoin hitting $150,000 this year 'no longer looks ambitious – it looks cautious'. He continued: 'This is a pivotal moment. It's not just that bitcoin has hit a new high. It's the confluence of macro tailwinds, political momentum, institutional flows, and retail resurgence. We're entering a new era of digital value, and bitcoin is leading it. 'The $150,000 price target we set earlier this year was bold at the time. But markets evolve – and so must forecasts. If current conditions hold, and we get a real regulatory green light before the August recess, a price above $175,000 is increasingly within reach.'
Yahoo
16-05-2025
- Business
- Yahoo
Wall Street Is Preparing for a Bitcoin Boom — 3 Things Investors Should Do Now
Bitcoin is trading at nearly $104,000, over a 65% jump from just a year ago. Crypto supporters are calling 2025 the year for digital assets, and they're giving much of the credit to President Donald Trump's outspoken backing, according to Fortune. Check Out: Try This: Love it or hate it, crypto has reached the financial mainstream with a total market cap topping $3 trillion, reported Fortune. So, what does this mean for investors right now? Whether you're holding coins, watching from the sidelines or wondering if it's too late to jump in the game, here's what to consider as Wall Street braces for a potential crypto boom. While crypto is a new market compared to other investments, strategies continue to develop. The first step for investors is to do in-depth research — even more so when considering investing in digital assets. Always research the wallets, coins and exchanges. Don't rely on social media. And speak to a financial advisor to separate facts from fiction. Read Next: Liquidity simply means how quickly and easily you can turn an investment into cash. In the crypto world, the more well-known a coin is, the easier it is to buy or sell. Major players like bitcoin and ethereum tend to be more liquid than smaller altcoins, according to U.S. News. Still, because the crypto market is so volatile, it's less liquid than traditional investments. However, Nigel Green, CEO of deVere Group, told U.S. News that bitcoin ETFs could increase accessibility and liquidity, stabilizing prices and the market. All markets fluctuate, but crypto is more volatile than markets such as the S&P 500, which means it comes with higher risks. While it may be tempting to focus on the quintupling growth of bitcoin over the last two years, also know the risks. Crypto short-term returns can resemble the ups and downs of a roller coaster — full of quick rises and sudden drops. For example, bitcoin's price sank 22% in just seven days between late July and early August 2024. That doesn't necessarily mean you shouldn't invest; just don't panic-sell when the price drops. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 7 Things You'll Be Happy You Downsized in Retirement 5 Little-Known Ways to Make Summer Travel More Affordable How Far $750K Plus Social Security Goes in Retirement in Every US Region Sources Fortune, 'Bitcoin is on fire. If you're new to crypto, read our tips before you invest.' U.S. News & World Report, '7 Best Cryptocurrency Investing Strategies.' This article originally appeared on Wall Street Is Preparing for a Bitcoin Boom — 3 Things Investors Should Do Now Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
12-05-2025
- Business
- Straits Times
US dollar surges after US and China agree to reduce tariffs
US dollar soared while the Japanese yen, Swiss franc and euro plunged against the greenback following the tariff reduction announcement. PHOTO: REUTERS LONDON – The dollar soared and government bonds sold off as markets reacted to a de-escalation in the trade war between China and the US, which agreed to temporarily lower some tariffs for 90 days. A gauge of dollar strength rose as much as 0.9 per cent and the yen, a traditional haven, plunged as progress in talks stoked risk appetite across asset classes. The US 10-year yield climbed seven basis points to 4.45 per cent, its highest in nearly a month, while stocks got a boost on both sides of the Atlantic. It is a major potential pivot point for markets, which have been roiled by US President Donald Trump's attempts to rewire global trade. He targeted China with particularly punitive tariffs, sparking a trade war and fears of a recession. 'This kind of coordinated tariff relief, even if temporary, changes the investment landscape,' said Mr Nigel Green, chief executive officer of deVere Group. 'It clears a path for businesses to recalibrate their outlook, and for markets to rally on something more than just hope.' After weekend talks in Geneva, the US and China issued a joint statement indicating that they would temporarily lower tariffs on each other's products for 90 days. It buys the world's two largest economies three more months to resolve their differences. In the US, Nasdaq 100 futures surged as much as 3.9 per cent while S&P 500 futures rose 3.1 per cent. Europe's Stoxx 600 index climbed as much as 1.2 per cent but gains were tempered by a drop in pharmaceutical stocks as Mr Trump said he planned to order a cut in US prescription drug costs. Still, the move toward de-escalation of trade tariffs spurred some big sector-level moves in Europe, with shipping stocks including Danish container giant A.P. Moller-Maersk A/S surging 13 per cent and Germany's Hapag-Lloyd AG up around 10 per cent. Automakers Stellantis NV, Mercedes-Benz Group AG and BMW AG all rose over 5 per cent. 'These are cuts in tariffs which are much deeper than what was expected,' said Mr David Kruk, head of trading at La Financiere de L'Echiquier. 'For those who were bearish since the tariffs announcement, this is a real pain trade. There is no more dip to buy so if you were not invested, it's really hard to go in now.' Havens slide The Swiss franc and euro also plunged against the greenback following the announcement. The common currency, which had emerged as a haven amid the rout in US assets, fell 1.3 per cent to about US$1.11, putting it on track for its worst day this year. 'This is positive for G10 risk especially the Antipodean currencies and the US dollar,' said Mr Valentin Marinov, head of G10 FX strategy at Credit Agricole SA. 'Easing US growth fears should further help restore market confidence in the USD-denominated assets.' Traders rushed to pare wagers on the extent of interest rate cuts from central banks this year, as concerns over the economic outlook ebbed. Swaps now favour a quarter-point reduction in September from the Federal Reserve, compared to as soon as July last week. The European Central Bank is expected to cut rates by less than 50 basis points for the remainder of the year, versus more than 60 basis points at Friday's close. Still, the relief for US assets may prove temporary. Even before the announcement on May 12, investors were warning that the US administration's aggressive trade policies exposed the risk of significant overweights to the region, meaning outflows would likely endure even if trade tensions dissipated. 'We believe concerns around the US hard-data outlook persist, and potential asset allocation shifts away from US assets remain medium- to longer-term headwinds for the greenback,' said Mr Mohamad Al-Saraf, an analyst at Danske Bank. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
News.com.au
12-05-2025
- Business
- News.com.au
Hot Money Monday: Stagflation's ghosts are real – Powell admits it and experts say hedge fast
Stagflation is here, the Fed finally admits Expert Nigel Green says hedge now, Fidelity's Monk points to safe havens Gold, bonds and cash – time to rethink portfolios For months, whispers of stagflation circled Wall Street like ghosts in the corridors – visible enough to spook, but never quite real enough to confront. But last week, Fed boss Jerome Powell said the word out loud. 'Stagflation' isn't just a tail risk anymore – it's here, it's real, and the Fed is not pretending otherwise anymore. "The Fed has just confirmed what we've been warning clients about for more than three months," said Nigel Green, CEO of financial advisory giant deVere Group. Green said the warning lights have been flashing: slower economic growth, higher inflation and unemployment ticking upwards. Those three ingredients, when tossed together in the economic pot, make a bitter stew called stagflation. And this time, Powell pointed the finger squarely at trade policies, specifically, Donald Trump's barrage of tariffs. "When you weigh rising prices against declining productivity, and then throw in trade wars, the result is a stagnating economy with no good choices. 'That's the definition of stagflation, and now the Fed is saying it, too," Green added. The Fed's honesty is late, but welcome, Green quipped. "Investors can't wait around for policy clarity from Washington. The time to hedge, reposition and diversify was yesterday, but the next best time is now." Inflation-resisting assets According to Green, Trump's temporary pause on the next wave of levies might be just that, a pause. His track record suggests that unpredictability isn't a bug, it's a feature. And markets are starting to price that in. What looked like a soft landing earlier this year now seems like a mirage. So what's the plan when the world's biggest economy lurches towards stagflation? "In this environment, traditional 60/40 portfolios are insufficient. Investors need greater exposure to inflation-resistant assets like certain commodities, real assets and defensive equities." Bonds and gold But while Green points out the dangers, Ed Monk from Fidelity offers a bit of a map for the minefield. Monk acknowledged that higher prices paired with slower growth is a cruel combo. "It's a combination that markets hate, as evidenced by the steep falls in US shares this year," he added. For investors, Monk suggests a handful of strategies that could serve as a life raft in stagflationary waters. Government bonds, for instance, might seem like a dry option, but when volatility shakes the stock market tree, they reassert their role as portfolio protectors. "In theory, stagflation should present a challenge to fixed-income assets like bonds because it comes with higher inflation, which erodes the value of the income they pay over time. 'However, high-quality government bonds begin to look very attractive when returns from riskier assets, like shares, are in question," he explained. It's a case of retreating to the castle when the storm hits, safe behind the walls of low default-risk. Gold, that old warrior of economic turmoil, is another safe haven, Monk said. Already brushing up against record highs, the yellow metal is proving its mettle once again. "Gold tends to perform best when fear is at its highest, and has a track record of holding its value when other assets are vulnerable to falls.' And when the US dollar wobbles, gold shines even brighter. Cash and dividends Then there's cash, often sidelined when markets are booming, but a savvy investor knows when to keep some powder dry. "Canny investors may well be thinking about building a cash pile at the sidelines of their portfolio, and to deploy it to take advantage of further falls in stock markets," Monk advised. In times of chaos, sometimes the smartest play is to wait, watch, and pounce when the moment's right. Finally, there's the quiet strength of dividends. In the tumult of stagflation, companies that reward shareholders with reliable payouts act as anchors. They're not flashy, but they're steady. Monk pointed out that firms in stable sectors, those less dependent on consumer confidence such as utilities and staples, can still deliver in choppy waters. So it's about shifting strategy, building in resilience, and waiting out the storm with an eye for opportunity, he said.
