What area/s of fintech do you believe will grow the most in the coming 5 years?
Without a doubt, cryptocurrencies are a prime area of growth. This is because the world needs digital, global currencies in a digitalised, globalised world. Also partly because they currently represent less than 1 per cent of the world’s GDP – a low number in comparison to the revolutionary implications surrounding blockchain technology, which underpins most of the major currencies.
At the same time however, no serious investor or CEO can let enthusiasm take over his or her faculties of reason, which is why we always advocate a diversified, multi-asset portfolio that accounts for a multitude of factors in various markets.
And since cryptocurrencies are still in their early stages, somewhat speculative, and highly volatile, I always still urge caution and diversification.
deVere CEO, Nigel Green, founded deVere Group in 2002 from a single office in Hong Kong after discovering a niche market in the financial services sector for globally-minded investors. Since then, it has grown to become one of the largest independent financial advisory organizations in the world, doing business in more than 100 countries.