deVere, one of the largest independent financial advisory and fintech organisations in the world has again made the bold assessment that cryptocurrencies are the future of money, investments and raising capital.
This bold assessment follows last week’s announcement that Argentine soccer star Lionel Messi will receive payment in cryptocurrency tokens as part of his move from Barcelona to French club Paris Saint-Germain (PSG).
“Is anyone still in doubt that cryptocurrencies are the future of money, investments and raising capital? They are already considerably behind the curve,” Nigel Green, the chief executive and founder of deVere Group posited.
Green noted paying one of the world’s biggest footballers in crypto, once again highlights that cryptocurrencies are now almost universally recognised as the future of money.
He argued that digital, borderless money in our increasingly digitalised world makes sense, especially at a time when traditional currencies have been devalued by governments printing unprecedented amounts of them.
He continues: “Demographics are also on the side of cryptocurrencies. Millennials – who are beneficiaries of the largest-ever generational transfer of wealth, predicted to be more than $60 trillion from baby boomers to millennials over the next three decades – have grown up on technology. They are digital natives. Cryptocurrencies are, by their very nature, tech-driven and their long-term trajectory is secure.”
Messi is being paid a large chunk of his salary in the club’s own digital asset, the $PSG Fan Token. Manchester City launched its own fan token in March using the same technology. They are doing this as a way to drive interest and investment into the clubs.