by Morgan Sliff
Nigel Green, who, admittedly, is an outspoken enthusiast for mind-bending predictions, claims that the cryptocurrency market will surge forth to a $10 Trillion USD Valuation. Even more astonishing is that he may not be anywhere near off base.
DeVere, the world’s leading independent international financial consultancy, released a press release on October 24th, 2018 highlighting the following: Bitcoin’s dominance will start to slip, but the overall cryptocurrency market will rise by a whopping 5,000 percent.
Green states that the dominant grip that Bitcoin holds over the cryptosphere (Bitcoin hovers at more than 53%) may loosen a bit to up-and-coming cryptocurrencies such as Ethereum and Ripple, which are poised to see some significant growth in the coming years. And while Bitcoin, which is coming up on its 10-year anniversary of introduction, isn’t going anywhere and will remain a dominant figure in cryptocurrency, the ever-expanding digital currency market is popping up with new and reliable forms of currency quite regularly.
At the moment of this writing, the cryptocurrency market is worth over $400 billion USD. Green goes on to say “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years. The pace of mass adoption will speed-up and the cryptocurrency market cap can reasonably be assumed to reach at least 5000 per cent above its current valuation over the next decade.”
And his predictions point to a broader picture of growing trends in commerce, with many stores now adopting cryptocurrency as a method of payment. “A growing number of major institutional and retail investors, as well as financial institutions and regulators, amongst others, understand that cryptocurrencies are the future of money. As such, the market will have grown beyond recognition when Bitcoin celebrates its 20th anniversary.”