Nigel Green, CEO of the deVere Group, one of the world’s largest financial advisory firms, declared the price of Bitcoin and other cryptocurrencies would rise before the end of the year due to FOMO (the Fear Of Missing Out).
“Bitcoin and other cryptocurrencies are, I believe, on the verge of a true global breakout. This is largely due to ‘FOMO’,” noted Green. “I feel that there’s a growing sense amongst institutions that unless they embrace this sector, their competitors could move way out in front and they might find it difficult to catch up. This is especially true as the public—their customers—are increasingly eager to explore the opportunities themselves.”
However, he later said he is not sure whether there will be “the stratospheric rise in cryptocurrency prices that we experienced at the end of 2017.”