{"id":124603,"date":"2018-04-04T12:15:28","date_gmt":"2018-04-04T16:15:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=124603"},"modified":"2018-06-01T15:40:55","modified_gmt":"2018-06-01T15:40:55","slug":"devere-ceo-cryptocurrency-investor-mindset-is-shifting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/devere-ceo-cryptocurrency-investor-mindset-is-shifting\/","title":{"rendered":"deVere CEO: Cryptocurrency investor mindset is shifting"},"content":{"rendered":"
April 4, 2018<\/div>
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By George Prior<\/strong><\/em><\/p>\n

There is a \u201cseismic shift\u201d taking place in the cryptocurrency sector, affirms the CEO of one of the world\u2019s largest independent financial services organizations.<\/p>\n

The bold observation from deVere Group\u2019s founder and chief executive, Nigel Green, follows the cryptocurrency market recording a daily gain of $10 billion\u00a0Tuesday<\/span><\/span>.\u00a0 All the major currencies, including Bitcoin, Ethereum, Ripple and Litecoin, have been resurrected over the last few days, with Bitcoin, the biggest and most influential crypto, surging 6 per cent yesterday (Tuesday<\/span><\/span>) morning.<\/p>\n

Mr Green, who launched deVere Crypto, an exchange app, earlier this year, comments: \u201cThere is a seismic shift taking place with\u00a0cryptocurrency investments.<\/p>\n

\u201cInvestor sentiment appears to have considerably changed in the first quarter of 2018.\u00a0 Towards the end of last year, crypto values went too high, too fast \u2013 and, of course, it was unsustainable.\u00a0 At the time I urged caution, saying an asset that goes almost vertically up should typically raise alarm bells for investors.\u201d<\/p>\n

He continues: \u201cArguably, even before the frenzied peak in December, when the price of one Bitcoin reached an all-time high of more than $19,000, the market was beginning to become frothy and overheated.<\/p>

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\u201cBut since then, in this first quarter, there\u2019s been a serious price correction of most major cryptocurrencies.<\/p>\n

\u201cIt has been this correction that\u2019s been mainly responsible for an\u00a0evolution in investor attitude.\u00a0 I believe that now the overwhelming majority of investors do not view cryptocurrencies as a way to make a fast buck, as perhaps previously many more\u00a0might have done. Rather, they are now investing in Bitcoin, Ethereum, Ripple, Dash and Litecoin, amongst others, as they can see the core value over a longer time horizon.\u201d<\/p>\n

He adds: \u201cIt\u2019s our experience that people are nowadays investing in crypto primarily because they understand and value the need and demand for digital currencies in an increasingly digital age.<\/p>\n

\u201cIn addition, there\u2019s a surge in public awareness that blockchain, the technology that underpins the likes of Bitcoin, is the world\u2019s next major disruptive technology.<\/p>\n

\u201cPlus, there is a growing sense, especially since the recent G20 summit, that regulation of the cryptocurrency sector is now inevitable \u2013 and this, along with growing acceptance in the business and finance community, is giving today\u2019s investors more long-term horizon confidence.\u201d<\/p>\n

Mr Green concludes: \u201cThe digital coins are far from their all-time highs, but investors are still being attracted to the crypto sector in their droves.\u00a0 This underscores that they are increasingly becoming mainstream assets.\u201d<\/p>\n

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deVere Group<\/strong> is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior There is a \u201cseismic shift\u201d taking place in the cryptocurrency sector, affirms the CEO of one of the world\u2019s largest independent financial services organizations. The bold observation from deVere Group\u2019s founder and chief executive, Nigel Green, follows the cryptocurrency market recording a daily gain of $10 billion\u00a0Tuesday.\u00a0 All the major currencies, including […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124603","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=124603"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124603\/revisions"}],"predecessor-version":[{"id":124604,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124603\/revisions\/124604"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=124603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=124603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=124603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}