deVere Group CEO says IMF is wrong: Bitcoin adoption

The chief executive officer of deVere Group appreciated blockchain technology and also Bitcoin as the biggest currency in the world. 

Crypto and Blockchain adoption is at a tremendous level. In the last couple of years, the industry saw a huge inflow of big investors and Financial institutions. These things are given a clear hint that the majority of the financial experts come to know about the potential of this crypto Industry and also they come to know about the opportunities that they can grab. 

Nigel Green, CEO of financial services firm deVere Group, said that the future will rely on the digital form of Money and the world will recognize Bitcoin as the largest digital Money.

Green said that the majority of the financial institutions know very well about it and that is why they are allocating all their resources to Bitcoin and other crypto-assets. 

“This is why more and more institutional investors, household name investors, Wall Street giants and multinational corporations are all sensibly increasing their crypto exposure.”

According to Green, the main quality of Bitcoin is exhibited in its freedom from any kind of geographical restrictions. And its designation is fully decentralized making it borderless, enabling people to trade globally. 

Further continues: 

“..increasing digitalization of our world and those demographics are on the side of cryptocurrencies as younger people are more likely to embrace them than older generations.”

On last week’s order of the International Monetary Fund (IMF) to El Salvador to remove Bitcoin from the country as a currency, Green said that the IMF is wrong. The IMF wants to give stability to a country and wants to make it dependent on the other country’ Currency. 

More Interestingly, Green noted that the IMF knows very well that no one less developed country can pay his loan with the use of traditional Currencies. But still, the IMF wants to see huge loan pressure on poorer countries.

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