deVere CEO ahead of Malta summit: Cryptocurrencies the ‘inevitable future of money’

Bitcoin and other cryptocurrencies are on the verge of a true global breakout, he believes

FOMO (the Fear Of Missing Out) will drive the price of Bitcoin and other cryptocurrencies higher before the end of the year, says Nigel Green, Founder and Chief Executive of financial advisory firm, deVere Group.

Speaking ahead of his address this week at the DELTA Summit, Malta’s official blockchain and digital event, he said: “It’s a real honour to be in the line-up at this prestigious summit alongside not only the Prime Minister of Malta, Joseph Muscat, who is a prominent advocate of cryptocurrencies, but also some of the highest-profile and most influential figureheads in the FinTech, blockchain, cryptocurrencies and digital sectors.”

“Thanks to the progressive, forward-thinking and truly ground-breaking approach of the Maltese government regarding blockchain and digital currency regulation and legislation, Malta has positioned itself to be a global leader in these ever-expanding markets.”

Bravo Prime Minister, bravo!

Green has long shared the view stated by Muscat at the UN General Assembly over the weekend that cryptocurrencies are the ‘inevitable future of money,’ and welcomes his public championing of the space.

“It promises to be a landmark event that not only celebrates and galvanises Malta’s position as a pioneering blockchain and cryptocurrency country, but one that celebrates the sector itself. Adoption is increasing all the time. This is evidenced not only in the financial sector, in which major banks are increasingly looking at blockchain and crypto, but with big names within the tech and retail sectors too,” Green commented.

There’s a growing sense amongst institutions that unless they embrace this sector, their competitors could move way out in front and they might find it difficult to catch up.  This is especially true as their customers are increasingly eager to explore the opportunities themselves.

Green concluded: “I’m not sure we’ll see the stratospheric rise in cryptocurrency prices that we experienced at the end of 2017. However, with growing acceptance that that they are indeed the future of money, I believe that the environment is now right for an upswing before year-end.”

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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