The CEO of financial advisory firm Devere Group, Nigel Green believes
Bitcoin will overthrow gold and become the ultimate safe haven for investors hedging against inflation.
The CEO and founder of Devere Group claims Bitcoin shares all the same characteristics as gold, but as the world becomes absorbed in tech, Bitcoin will become the hedge against government monetary policy.
‘Bitcoin is currently realising its reputation as a form of digital gold,’ said Green. ‘Up to now, the precious metal has been perceived as the ultimate safe-haven asset. But Bitcoin, which shares its key characteristics of being a store of value and scarcity, could potentially in the future knock gold from its long-held top spot as the world becomes driven by the tech revolution.’
Green also pointed out decentralized, non-sovereign, secure digital currencies like Bitcoin would become the ‘hedge against turbulence in traditional markets.’ Read More