“However, whether they like it or not, dyed-in-the-wool financial traditionalists need to accept that cryptocurrencies are here to stay. “The world has changed in three significant ways that support the rise of cryptocurrencies. First, technological advancement. We are adopting more and more technology into our lives. And the rate at which we’re doing so is increasing rapidly. Second, political shifts. There is an appetite, a huge and growing one, for currencies that are not controlled by central banks and governments. Supporters believe that these digital currencies are part of the antidote to what they see as the ills caused by the traditional system.
Last year, Green commented on Warren Buffett’s negative views about Bitcoin, including calling it rat poison. The deVere Group’s CEO said Buffett needs to be educated on the future of money: “It comes as little surprise that Mr Buffett and his 94-year-old business partner, Charlie Munger, criticized cryptocurrencies at their annual meeting. They have done so consistently. But what I do find monumentally baffling is that two of the world’s most successful investors cannot see the intrinsic value of some form of cryptocurrency. Do they honestly believe that there is no place for, and no value of, digital, global currencies in an increasingly digitalized and globalized world? Do they not see many of the world’s major tech companies, established banking groups and household name investors investing in, using and/or beginning to adopt cryptocurrencies? Do they not see governments, central banks and financial regulators recognizing the need for regulatory frameworks because cryptocurrencies are becoming so mainstream?”
deVere Group launched a crypto app, deVere Crypto, in February 2018 and announced a Ripple give-away to customers who register for its pioneering application that helps customers to store, transfer and exchange some of the major cryptocurrencies. A poll conducted by deVere Group concluded that the majority of its clients consider investing in Bitcoin.