Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation

A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation.

Devere Group CEO Nigel Green is a big believer in crypto assets like bitcoin (BTC) and he’s been more vocal about his forecasts in recent days. Last August, news.Bitcoin.com reported on Green explaining why he thinks the U.S. presidential election would have devastating effects on the U.S. dollar but also bolster bitcoin at the same time.

Green’s firm Devere Group is one of the world’s largest independent financial advisory organizations in the fintech world and the firm’s assets under management (AUM) exceed $10 billion.

On Monday, Green once again spoke about the crypto asset again during an interview with the broadcast MoneyFM. The discussion was prompted by the Singapore Exchange (SGX) invoking two new crypto indexes in order to create a price standard for BTC and ETH throughout Asia.

Green shared his thoughts about bitcoin (BTC) and other digital currencies in the interview and explains why he thinks bitcoin could potentially replace gold.

“I just think [bitcoin] has gradually become more accepted,” Green said. “When you go back to the basics, there’s always been a system of payments in the world. If you go back to bartering, there’s always been some way of people keeping score. With the current situation, we have governments keeping score, and not everyone in the world is comfortable with their own government. So one way of looking at cryptocurrencies is that a computer is keeping score.”

The Devere Group CEO added:

So that’s what we’ve seen over a number years and just gradually more and more acceptance from people. [Bitcoin] is similar to gold, as so much as gold is limited, and obviously young people are more willing…

Read More