Crypto Industry to see unprecedented growth: Nigel Green

By Chetna Phour

Recently the Chief Executive Officer of the deVere Group, Nigel Green claimed that the crypto industry is going to see an unprecedented round of growth in the near future.

deVere group was founded by Nigel Green in 2002 and became one of the world’s leading independent financial advisory organisation in just a few years. The group has more than $10 billion under advice and administration from over 80,000 clients from 100 countries. DeVere helps its clients to reach and expand their financial goals. The main aim of DeVere group is to support their clients in creating, growing, maximizing, and safeguarding their wealth.

In a press release issued by the world-renowned finance-centric consultancy company, Nigel Green said that “the iron grip which Bitcoin has over the current crypto sphere will only be loosened over the next decade.” Green never miss a chance of discussing the emerging crypto sector, and when he got the chance at the press release, he expressed his views by saying that the collective market capitalization of the cryptocurrencies will grow by at least 5,000% in a period of 10 years.

“The pace of mass adoption will speed-up, and the cryptocurrency market cap can reasonably be assumed to reach at least 5000 per cent above its current valuation over the next decade.”

A 5000% growth means the crypto industry will have a valuation of $10 trillion in the next ten years. According to Nigel, the growth will be because of the growing number of institutional investors, retail investors, financial institutions, and traditional firms. The regulators are also going to play an essential role in this unprecedented growth.

Green believes that the top cryptocurrency Bitcoin is behind the crypto revolution. Bitcoin kick-started the growth of the crypto industry and vision of a new and decentralized financial system. Nigel said that:

“Bitcoin has changed the way the world handles money, makes transactions, does business, and manages assets, amongst other things, forever.  It all began with Bitcoin.”

Green believes that in the near future the competition for Bitcoin will increase and it will dent the market share of the top cryptocurrency.

According to Nigel, blockchain technology is gaining popularity all over the world and startups, innovators, and business from every corner of the world are looking towards implementing the blockchain technology to improve the efficiency and speed and reduce the cost of operations. Both public and private sector organisations are deploying blockchain technology in their upcoming projects.