Adoption of This Crypto Asset Class Will Increase Demand for Bitcoin and Ethereum: deVere Group CEO Nigel Green
The chief executive of financial advisory giant deVere Group says that the adoption of one particular asset class will increase demand for both Bitcoin (BTC) and Ethereum (ETH). In a new video update, deVere Group CEO Nigel Green tells his 115,000 YouTube subscribers that stablecoins, or fiat-pegged digital assets, could save the US economy and reinvigorate demand for the top two crypto assets by market cap. According to Green, stablecoins can help keep US interest rates lower, boosting money circulation in the economy. “Stablecoins are virtually instant – in other words, it means you can transfer inexpensively and very quickly. It’s good for banks, it’s good for individuals. Really, it’s a revolution.” The executive goes on to say that if the US can successfully create policies that boost dollar-pegged stablecoins, it would increase the rate at which people are buying US Treasury bills with fixed rates, which would drive down intere...