Political turbulence in Europe and Asia is driving renewed focus on decentralized, non-government-backed currencies like Bitcoin. That is one reason why deVere Group CEO Nigel Green sees the cryptocurrency’s value topping $120,000 in the coming months.
Green made the comments in the wake of a French non-confidence vote and chaotic events in South Korea, which included the first declaration of martial law in 44 years. Green said the hint of authoritarianism in a leading Asian democracy has disturbed citizens and markets.
“When governments falter or act unpredictably, people inevitably seek alternatives that don’t rely on institutional trust. That’s where decentralized currencies come in,” Green argued.
Unlike fiat currencies, which are subject to political whims and policy decisions, digital assets like Bitcoin operate independently of government control.
Green said decentralized currencies’ natures address concerns about security, transparency, and resistance to manipulation, making them increasingly attractive in times of political uncertainty.
“When that trust is shaken—as we’re seeing in both France and South Korea—people look for assets that are not susceptible to government interference,” he said. “Non-government currencies offer precisely that.”
Green said deVere’s forecasts indicate that the current political turmoil will likely accelerate the adoption of digital currencies across Europe and Asia, in particular. He added that digital assets typically also offer practical advantages: lower transaction costs, faster cross-border payments, and greater financial inclusion, especially for those underserved by traditional banking systems.
For investors, the message is clear: political risk is a growing factor that cannot be ignored.
Green argues that diversification into decentralized assets is becoming a prudent strategy to hedge against instability in government-backed financial systems. That should drive Bitcoin’s continued rise.
The implications extend beyond individual portfolios. Institutions and corporations are also recognizing the strategic value of holding digital assets. From tech giants to hedge funds, the move toward crypto is gathering momentum.
“As France braces for its most consequential no-confidence vote in decades, and South Korea faces the repercussions of martial law, the world watches anxiously,” Green said. “The outcomes in both countries will undoubtedly shape global market sentiment and policy decisions in the weeks and months ahead.”
This week, Bitcoin soared past the $100,000 mark for the first time, driven by expectations of a crypto-friendly regulatory environment under Donald Trump’s incoming presidency. Green believes that will drive a short-term selloff before Bitcoin rallies further to hit $120,000 in the first quarter of 2025.
“This $100,000 breakthrough was inevitable,” Green said. “However, with such a dramatic rise in a short period, it’s natural that some investors will lock in profits. This likely selloff will be a temporary pause before Bitcoin builds on its momentum, surging to $120,000 as early as the first quarter of next year.”
The world’s largest cryptocurrency has more than doubled from its 2024 low of $38,505 and surged 45% in just two weeks since Trump’s election win. Green argues this rapid ascent underscores Bitcoin’s resilience and growing role in global finance as a hedge against inflation and a tool for portfolio diversification.
“Bitcoin’s extraordinary run comes as markets anticipate that Trump 2.0 will create a more favorable regulatory framework for cryptocurrencies,” Green said. “Investors are betting on the President-elect’s pro-crypto stance, with policies expected to reduce red tape and promote innovation in blockchain technology.”
“Trump’s likely approach to cryptocurrency regulation is already fueling optimism across the market. His administration will almost certainly prioritize policies that encourage the adoption and integration of digital assets into mainstream financial systems. We also expect Trump will install a head of the Securities and Exchange Commission (SEC) who is friendly to the crypto industry.”
Green believes this political shift is set to amplify Bitcoin’s appeal among both institutional and retail investors; structural changes are already underway.
“Major institutional players are increasingly viewing Bitcoin as a core asset in diversified portfolios, spurred by expectations of regulatory clarity,” he said. “And individual retail traders are embracing the crypto as digital gold—a hedge against inflation and political uncertainty, while also capitalizing on its unprecedented growth potential.”
Green’s $120,000 forecast is underpinned by several factors. First, the anticipated sell-off is expected to be short-lived, as long-term holders and new buyers step in to capitalize on the temporary dip. Second, Trump’s economic policies, particularly around promoting technological innovation, are likely to increase Bitcoin’s mainstream adoption and institutional inflows.
Green notes that Bitcoin’s fundamentals remain robust, with growing participation from traditional financial institutions reinforcing its position as a transformative asset class.
“Bitcoin is no longer just a speculative asset,” he explains. “It is a core component of the future of finance, appealing to everyone from Wall Street heavyweights to retail investors seeking to protect and grow their wealth.”
While the road to $120,000 will undoubtedly feature periods of volatility, the Green emphasizes the importance of maintaining a long-term perspective.
“The possible temporary sell-off will present an incredible buying opportunity for those who understand Bitcoin’s potential in the context of global economic and political shifts,” he concluded.