# Broaden crypto outlook beyond Bitcoin, investors urged
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-03-26
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: Why Investors Should Broaden Their Cryptocurrency Horizons
Meta Description: Join deVere Crypto for a chance to get 15 free Ripple coins on registration. Diversify your portfolio with Ripple, Dash, Bitcoin, Ethereum, Litecoin & more.
URL: https://financedigest.com/broaden-crypto-outlook-beyond-bitcoin-investors-urgedhtml

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Investors should broaden their outlook on cryptocurrencies beyond Bitcoin, affirms the boss of one of the world’s largest independent financial services organizations.

The comments from Nigel Green, founder and CEO of deVere Group, come as deVere Crypto, a pioneering cryptocurrency exchange app available on the Apple Store and Google Play, this week is giving away 15 free Ripple coins to those who complete the app’s registration process. Terms and Conditions apply.

Last month, two new cryptocurrencies, Ripple and Dash, were added to deVere Crypto. Users can now buy, sell, store, transfer and exchange Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC), Ripple (XRP) and Dash (DASH) on the app.

By market cap, Bitcoin is the world’s largest, followed by Ethereum (second) and Ripple (third). Litecoin is fifth and Dash is tenth.

Mr Green says: “Demand for cryptocurrencies continues to grow – and I expect this to gain considerable momentum over the [next 12 months as more and more people are becoming](https://www.financedigest.com/rishi-sunak-declared-next-leader-of-uk-conservative-party-to-become-next-pm.html "Rishi Sunak declared next leader of UK Conservative Party, to become next PM") aware of and have a better understanding of cryptocurrencies.

“Demand will also [grow due](https://www.financedigest.com/wi-fi-semiconductor-chipset-market-gain-impetus-due-to-the-growing-demand-over-2015-2025.html "Wi-Fi Semiconductor Chipset Market Gain Impetus due to the Growing Demand over 2015-2025") to the fact that regulators around the world are increasingly seeking to regulate cryptocurrencies, which will give investors even more protection and confidence in the market. Cryptocurrencies as a concept are becoming mainstream and regulation is now, I believe, inevitable.”

He continues: “However, Bitcoin, the original cryptocurrency, retains its [huge market](https://www.financedigest.com/quad-flat-no-lead-packaging-market-huge-growth-opportunity-between-2017-2027.html "Quad-Flat-No-Lead Packaging Market Huge Growth Opportunity between 2017-2027") dominance; it’s the one everyone talks about.

“I believe that [investors need](https://www.financedigest.com/exclusive-new-investor-backs-bt-says-fibre-jv-may-not-be-needed-source.html "Exclusive-New investor backs BT, says fibre JV may not be needed – source") to broaden their outlook on cryptocurrencies beyond Bitcoin. This is why we have launched this new promotion.

“Despite Bitcoin’s show-stopping performance in 2017 (1,300 per cent), it underperformed its lesser known rivals, such as Ethereum (8,500 per cent) and Ripple (~30,000 per cent).”

Mr [Green goes](https://www.financedigest.com/gumgum-goes-green-with-cedara.html "GumGum Goes Green with Cedara") on to say: “All cryptocurrencies have different core characteristics, strengths and tech advantages and, therefore, they’re of value in different ways for different people and organisations.

“As such, I would urge cryptocurrency [investors to be diversified across the main digital](https://www.financedigest.com/a-digital-first-world-means-investors-should-look-to-digital-due-diligence-first-too.html "A digital-first world means Investors should look to digital due diligence first too") tokens. By not doing so, they are exposing themselves to unnecessary risk and cutting off [key opportunities](https://www.financedigest.com/emptied-canopy-market-industry-outlook-growth-prospects-and-key-opportunities.html "Emptied Canopy Market: Industry Outlook, Growth Prospects and Key Opportunities"). ”

The deVere CEO concludes: “As with all types of investing, diversification is the investor’s best tool to [mitigate potential risks and to take advantage](https://www.financedigest.com/ai-holds-the-key-for-both-competitive-advantage-and-risk-mitigation-in-2022.html "AI holds the key for both competitive advantage and risk mitigation in 2022") of the opportunities that present themselves.”


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