The significant increase in bitcoin exchange rate in the first days of March can be an indicator that indicates the soon crossing of the psychological mark of $50 thousand. Nigel Green, executive director of the DeVere Group consulting company, has such an opinion.

The first cryptocurrency due to the aggravation of the situation in Ukraine managed to fall below $35 thousand, but the next week bitcoin was worth more than $45 thousand. For February 28 alone, the volume of appreciation was about 15 percent. Green pointed out that the geopolitical situation and financial injections from the institutes had the biggest influence on the return of quotes to their usual values.

Head of DeVere Group stated the emergence of significant economic shocks around the world. Against this background, individuals, private and state organizations are preoccupied with the search for alternatives to classical systems. This is where cryptocurrencies come to the fore, because they offer reliable protection from external threats and cannot can't be confiscated. Now, according to Green, there is a trend among investors to increase stakes in digital assets.

At the same time, the expert declined to assert that bitcoin will be able to return to its historical maximum, when BTC was sold for $68 thousand.