# deVere officially launches cryptocurrency app with bold Bitcoin predictions Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-02-07 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Bold Predictions: Bitcoin to Surge, Cryptocurrency Demand Meta Description: Despite recent price drops, Nigel Green of deVere Group foresees Bitcoin gaining 50-60% in the next year, with Ethereum posing increasing competition. URL: https://financedigest.com/devere-officially-launches-cryptocurrency-app-with-bold-bitcoin-predictionshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd070218-5-1736843002891-compressed.jpg) Despite cryptocurrencies tanking over the last month, demand for them will “skyrocket” in the next 12 months, Bitcoin could gain by 50 to 60 per cent, and will remain highly volatile as it comes under “increasing pressure” from Ethereum and other cryptocurrencies. These are the bold predictions from Nigel Green, CEO of deVere Group, one of the world’s largest independent financial services organisations, as today his firm officially launches deVere Crypto, a pioneering cryptocurrency app. Available for Apple and Android, it allows users to store, transfer and exchange currently three major cryptocurrencies, namely Bitcoin, Ethereum and LiteCoin.  More [cryptocurrencies will be added in the coming weeks as the deVere Crypto](https://www.financedigest.com/verasity-vra-lists-on-tier-1-cryptocurrency-exchange-crypto-com.html "Verasity $VRA Lists on Tier-1 Cryptocurrency Exchange Crypto.com") Research Department, run by some of the world’s leading blockchain experts, analyses their inherent values. Mr Green comments: “Bitcoin – the [world’s highest profile and largest by market-cap cryptocurrency](https://www.financedigest.com/the-importance-of-nfts-in-the-cryptocurrency-world.html "The Importance Of NFTs In The Cryptocurrency World") – slumped by 30 per cent last week. There’s increasing scrutiny of the [market by governments around the world](https://www.financedigest.com/world-stocks-slip-as-markets-await-u-s-midterms-outcome.html "World stocks slip as markets await U.S. midterms outcome"), plus enhanced regulation. Therefore, it is perhaps unsurprising that some have questioned the timing of the official [launch of deVere Crypto](https://www.financedigest.com/visa-launches-crypto-advisory-service-for-financial-institutions-merchants.html "Visa launches crypto advisory service for financial institutions, merchants"). “However, demand for cryptocurrencies is set to skyrocket in 2018 as more people get to know about them and use them, and as the interest of [governments and businesses](https://www.financedigest.com/government-assisted-financing-schemes-for-small-businesses.html "Government Assisted Financing Schemes For Small Businesses"), and more regulation, demonstrate how the market is maturing and becoming ever-more mainstream.” He continues: “Bitcoin will remain highly [volatile over the next 12 months](https://www.financedigest.com/global-stocks-trade-higher-at-the-end-of-a-volatile-month.html "Global stocks trade higher at the end of a volatile month"), which should be expected.  When it recovers from its current position and if/when it climbs pass the next major resistance point, we could see it surge by 50 to 60 per cent, as many will [jump in for fear](https://www.financedigest.com/stocks-tumble-on-inflation-fears-treasury-yields-jump.html "Stocks tumble on inflation fears, Treasury yields jump") of missing out for a second time. “As in all markets, this expected volatility is creating, and will continue to create, [important buying](https://www.financedigest.com/indias-reliance-makes-rare-buy-of-russian-naphtha-ups-fuel-oil-imports.html "India’s Reliance makes rare buy of Russian naphtha, ups fuel oil imports") opportunities.” He goes on to add: “Bitcoin will come under increasing pressure from other cryptocurrencies in 2018, as the [rivals up their game and as the similarities and differences become](https://www.financedigest.com/cineworld-eyes-wall-st-money-after-rival-amc-becomes-meme-stock.html "Cineworld eyes Wall St money after rival AMC becomes meme stock") better known. “Ethereum will put the squeeze on Bitcoin the hardest, with many [analysts saying](https://www.financedigest.com/coffee-bean-grinders-market-is-set-to-witness-a-cagr-of-8-1-8-9-during-2021-2031-says-fmi-analyst.html "Coffee Bean Grinders Market is set to witness a CAGR of 8.1%- 8.9% during 2021-2031, Says FMI Analyst") Ethereum is supported by superior technology and has more uses than the current dominant leader. “In many ways, the Bitcoin vs Ethereum [battle is reminiscent of the VHS vs Betamax tech format war](https://www.financedigest.com/russian-president-vladimir-putin-claimed-victory-in-the-biggest-battle-of-the-war-in-ukraine.html "Russian President Vladimir Putin claimed victory in the biggest battle of the war in Ukraine") of the 1980s. But there is room for several major players in cryptocurrencies, unlike in the video [format](https://www.financedigest.com/sodium-formate-market-set-to-surge-significantly-during-2019-2027.html "Sodium Formate Market Set to Surge Significantly During 2019-2027 ") market.” The deVere CEO concludes: “deVere Crypto is designed to meet the growing need and want to store and transfer digital [currencies](https://www.financedigest.com/minding-the-gap-the-importance-of-inclusive-financial-strategies-as-digital-currencies-rise.html "Minding The Gap: The importance of inclusive financial strategies as digital currencies rise ") in a digital age.  We [expect 50,000 downloads this year.”](https://www.financedigest.com/u-s-consumers-inflation-expectations-highest-in-8-years-ny-fed-says.html "U.S. consumers’ inflation expectations highest in 8 years, NY Fed says") --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---