A few weeks ago, Nigel Green, CEO and founder of Devere Group, stated that he believed the US election would raise Bitcoin's price. In an interview with MoneyFM on Monday, Green said Bitcoin could replace gold and it will be a financial security haven for future generations.
Nigel Green, CEO of Devere Group, believes in crypto assets such as Bitcoin (BTC) and recently talked about his forecast. In august a reputable group reported to Green why it believed the US presidential election would promote a strong dollar, which would have serious consequences for the dollar.
Green's Devere Group is one of the world's largest independent financial advisors in the fintech industry with over $ 10 billion in assets under management (AUM).
On Monday, Green talked about cryptocurrency Once again, in an interview with MoneyFM, the debate took place by the Singapore Stock Exchange (SGX), which compiles two new crypto indices to standardize prices for BTC and ETH across Asia.
In an interview, Green shared his views on Bitcoin (BTC) and other cryptocurrencies and explains why he thinks Bitcoin can replace gold.
“I think [Bitcoin] is getting more and more accepted. Back to the basics, there were always payment systems in the world. Back to exchanges, there are ways people always record results. Will save Because of this, not everyone in the world has their own government, so one way to look at cryptocurrencies is to have a computer record the results ."
The chairman of the board of the Devere Group added:
"So over the years we have seen this and it becomes more and more known to people. [Bitcoin] is similar to gold, as gold is limited, young people may be more willing to accept cryptocurrencies than some older adults."
Green said owning Venezuela's dollars or bolivars is the same as owning a government obligation. Generally people allow the government to record the results. But the register is easily damaged
Green points out: "Sure, it's been printed in large volumes recently, but it's actually added digitally." Will be devalued [money]. The advantage of Bitcoin is that it is limited, some people like computers to display, and some people don't trust the government and prefer a limited number.
When asked if Covid-19 could promote Bitcoin forecasting, Green replied that he believed the coronavirus had improved predictions and technology in general.
"We think there will be a Singaporean dollar in our pocket, or do we have a cryptocurrency? I think we will accept that the cryptocurrency will come to an end," Green said. One of the digital worlds? The founder of Devere Group said, “It's becoming increasingly evident because young people understand [Bitcoin] better than others, and in this they trust them more and more in the world.
Green has always found that young people are more concerned with innovation than Bitcoin.
Green said: "Some of the younger generations have more confidence in gold, and the second comes."
But he also said he is 60 and believes that even at an advanced age, cryptocurrencies are easier to store than precious metals. Green said: "It's easier." [Cryptographic assets] in your phone. "
What are your thoughts on the Devere Group CEO's view that Bitcoin will replace gold in a generation? Let us know your thoughts in the comments section below.
