Latest news with #deVereGroup
Observer
6 days ago
- Business
- Observer
US passes the first major crypto legislation
The US has passed its first major national cryptocurrency legislation—the Genesis Act—signaling the most aggressive shift yet in Washington's approach to digital assets. Backed by President Trump, the bill marks a landmark moment for the crypto sector and ignites what global financial advisory giant deVere Group calls a full-scale global digital arms race. In response to the development, deVere today confirms it is doubling down on its $150,000 Bitcoin price prediction by the end of 2025, citing the legislation as a turning point in monetary and technological policy that will trigger rapid acceleration in adoption, capital flows, and international competition. 'This changes everything,' said Nigel Green, CEO of deVere Group. 'For the first time, the US government is not just 'tolerating' crypto—it's codifying it. The world's largest economy is laying down the legal foundations for digital assets to thrive. 'This sends a very clear message to markets and other governments: adapt or fall behind.' The Genesis Act requires that stablecoins—cryptocurrencies designed to maintain a fixed value against the US dollar or other fiat currencies—must be fully backed by reserves, such as dollars or equivalent low-risk assets. The legislation is designed to provide certainty for issuers and users of digital currency, enabling the sector to move further into mainstream commerce and financial infrastructure. The implications extend far beyond stablecoins. 'While the bill focuses on regulatory clarity for stablecoins, the broader message is that digital assets are now central to the future of money. As confidence and capital flood into the ecosystem, Bitcoin stands to gain the most. It is the global reserve asset of this new paradigm,' notes Nigel Green. The move represents a stark evolution in Donald Trump's stance. Once openly hostile to Bitcoin, he has shifted toward support as political momentum and industry influence have grown. 'This is more than political opportunism,' says the deVere chief executive. 'It's strategic positioning. Digital assets are now core to economic power, and this legislation is America planting its flag.' Global crypto adoption is already surging. Over 500 million people worldwide are using cryptocurrencies in 2025, and that number is expected to cross 600 million by year-end. Inflows into US Bitcoin ETFs alone have surpassed $17 billion this quarter, and institutional investors are increasingly seeking exposure in portfolios. 'Institutions have been waiting for clarity,' notes Nigel Green. 'This is the moment. The regulatory fog is lifting, and the path to large-scale capital participation is opening. We are now entering the next phase of adoption.' The Genius Act also puts pressure on other global financial centers to act. As the US moves to anchor digital assets within its legal and financial systems, Europe, Asia, and other regions will be forced to either accelerate their frameworks or risk being sidelined. 'This will trigger a chain reaction,' he explains. 'No government wants to cede financial innovation or influence to another. 'This is a monetary race now. Central banks, regulators, and institutional investors are watching this bill—and they will respond.' deVere says its reaffirmed $150,000 forecast is rooted not only in regulatory momentum but also in market mechanics: finite supply, rising institutional demand, and accelerating integration of crypto into banking, payments, and national policy. 'There are only ever going to be 21 million Bitcoins,' said Green. 'At a time when demand is exploding and credibility is cementing, the supply-demand equation becomes brutally simple. That's why $150K isn't just possible—it's increasingly probable.' He concludes: 'This US legislation just turned up the heat globally—and for investors, the countdown is now well underway.'
Zawya
16-07-2025
- Business
- Zawya
Fed on hold – but rate cuts are coming sooner, says expert
The Federal Reserve will hold interest rates steady this month, but fresh inflation data has increased pressure for a cut sooner than previously expected, says Nigel Green, the CEO of one of the world's largest independent financial advisory organizations, deVere Group. "This CPI report gives the Fed exactly what it's been looking for: clear evidence that inflation is cooling in line with its target," he stated. "They'll stay on hold for now, but they won't be able to justify it for much longer. A cut this year is now not just likely, it's looking increasingly necessary," noted Green. The May Consumer Price Index showed that core inflation rose by 0.2% month-on-month, with the year-on-year rate edging up slightly to 2.9% from 2.8%. While not a dramatic drop, the consistency of the 0.2% monthly figure is what carries weight with policymakers. "This is the second time in three months that we've seen the core CPI line up with what the Fed considers acceptable monthly progress," explained Green. "Markets and the central bank are focused on that monthly trend — and this one points clearly in the right direction," he noted. Despite the modest rise in the annualized figure, economists and investors alike are honing in on the monthly pace, which is generally viewed as a more accurate gauge of underlying inflation momentum. "The year-on-year rate can move for all sorts of reasons," noted Green. "What the Fed really wants is reassurance that prices are no longer accelerating dramatically, and this report offers that," he added. As a result, rate expectations have shifted sharply. "Markets are now pricing in a much higher probability of a rate cut in September. That's a clear change from just a few weeks ago, when some still feared no cut at all this year," noted Green. The Fed, he stated, was stuck in a difficult position. "It doesn't want to move too early — but if it waits too long, it risks doing unnecessary damage to the economy," he added. The combination of restrictive interest rates, slowing inflation, and increasing political pressure makes for a volatile mix heading into the second half of the year. The deVere CEO also notes that other central banks are already moving. "The European Central Bank has already cut. Others are expected to follow. If the Fed falls too far behind, that will have major implications for the dollar, capital flows, and investor confidence," he explained. For investors, he warned that the pace and timing of the Fed's actions could significantly impact asset allocation strategies over the next six months. "If the Fed cuts too late, risk assets will struggle. If it signals a move too early, inflation expectations could reignite. The balancing act is extremely fine; but today's data gives the Fed a reason to begin preparing the market for action," said the financial expert. "This is the moment investors could look back on as the shift point. The Fed's next move won't come today, but the countdown has begun. Cuts are coming and the timing may surprise some," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
IOL News
14-07-2025
- Business
- IOL News
Bitcoin surges past $123 000 key mark in key milestone
Bitcoin has surged to an all-time high. Image: File Bitcoin surged past the key $123 000 (R2.2 million) per coin mark on Monday morning, hitting a new milestone and doubling its value over the past year. Nigel Green, the CEO of global financial coal advisory giant deVere Group, said Bitcoin is on track to reach $125 000 in the coming days and predicts support from US President Donald Trump, sweeping regulatory moves in Washington, and accelerating institutional demand converge to drive the cryptocurrency's price to new highs. 'Bitcoin has blasted through $122 000, and all the indicators point to $125 000 in sight this week,' said Green. 'It's being powered by deep political backing, new regulatory clarity, and sustained institutional inflows. This is a powerful combination we haven't seen at this scale before.' Bitcoin's gains follow a flurry of developments in the US, including President Trump's public positioning as the 'crypto president' and a series of bills scheduled for debate in the House of Representatives this week. Among them, the Genius Act is expected to create a federal framework for stablecoins - one of the most significant regulatory steps the US has taken to date. 'This is not crypto on the fringe anymore,' said Green. 'This is front and center of US financial policy. Trump is championing it, lawmakers are acting on it, and Wall Street is all-in.' The renewed drive from Washington is turbocharging optimism in markets already buoyed by record-breaking inflows into US spot Bitcoin ETFs. Major players including BlackRock and Fidelity are continuing to scale up their exposure, sending a powerful signal to both retail and institutional investors. 'Wall Street has crossed the Rubicon,' Green further said. 'The capital is committed. The infrastructure is there. The political will is building. The market is responding exactly as we expected.' deVere has previously forecast Bitcoin reaching $150 000 within this cycle - a target the firm is now doubling down on. 'The trajectory to $150K is intact, but investors should expect a sharp move to $140K, then a healthy sell-off before we power higher,' said Green. 'Investments of this magnitude don't move in straight lines. They surge, cool, consolidate, then break out again. That's the phase we're entering.' Bitcoin's surge is also being echoed in related equities, with US-listed crypto miners and ETF-linked stocks substantial gains. Bitcoin's market cap now exceeds $2.3 trillion, reinforcing its grip on the $3.8trl global digital asset space. 'The scale of capital entering the space is rewriting the map,' Nigel Green adds. 'This isn't hype. This is asset reallocation on a global level.' deVere attributes the current rally not just to speculation, but to fundamental changes in the structure of the market. Recent moves by nation-states, institutional allocators, and regulators are helping to strip away the longstanding barriers to mainstream crypto adoption. 'Once the US locks in a formal framework, we expect others to follow. This is how the tipping point begins,' Green said. He further said, "The $125K milestone is within reach now, and when it comes, it will confirm what we've been saying: that Bitcoin is not only back, but can be expected to break through every ceiling put in front of it if the momentum continues.' Luno said the latest surge is driven by several key factors creating strong demand for Bitcoin, including increased institutional buying, positive regulatory developments and technical market forces. "We're witnessing extraordinary market conditions with Bitcoin breaking through psychological barriers that seemed unimaginable just months ago," said Christo de Wit, country manager for South Africa at Luno. Several key factors are driving the current rally. Large institutions, investment firms, and corporations continue accumulating Bitcoin through exchange-traded funds (ETFs) and direct purchases, creating sustained upward pressure. A significant $200 million short squeeze has also contributed to the price surge, forcing traders betting against Bitcoin to buy back their positions, amplifying the upward momentum. "The market dynamics we're seeing today are fundamentally different from previous cycles," explained De Wit. "Institutional participation has matured significantly, and we're seeing reduced selling pressure as fewer bitcoins remain on exchanges, indicating strong holder confidence." VALR's co-founder and CEO, Farzam Ehsani, said, "While Bitcoin's all-time highs are exciting, what's truly transformative is its promise for humanity: a borderless, politically neutral money that restores financial sovereignty to individuals. It's a potential global reserve currency, free from the manipulation we've seen throughout monetary history. As this vision unfolds, Bitcoin's price will appreciate far beyond current levels, though with drawdowns along the way." BUSINESS REPORT
The National
14-07-2025
- Business
- The National
Where is Bitcoin heading as prices hit record $120,000?
Bitcoin is expected to go higher after reaching record levels as US-led policies, and the Trump hype, give credence and "structure" to the digital asset, analysts said. The world's biggest cryptocurrency hit another milestone on Monday, topping the $120,000 mark, amid heightened flows into Bitcoin exchange traded funds. That indicates a new level of seriousness from investors. "What we're seeing now is sustained interest, supported by structural inflows, rather than short-term speculation," said Josh Gilbert, a market analyst at digital investment platform eToro. Is $150,000 within sight? Bitcoin passing $120,000 signals a sustained bullish trend heading into the third quarter of 2025, with the cryptocurrency projected to average about $125,000, said Ryan Lee, chief analyst at Bitget Research. With analysts expecting a trading range of between $105,000 and $150,000, the key levels are $108,500 for support and $130,000 for resistance, "serving as critical markers for momentum confirmation", he added. But Bitcoin's rise will hit some bumps, as "investments of this magnitude don't move in straight lines", said Nigel Green, chief executive of wealth management company deVere Group. "They surge, cool, consolidate, then break out again. That's the phase we're entering," he said. 'The trajectory to $150,000 is intact, but investors should expect a sharp move to $140,000, then a healthy sell-off before we power higher." A correction may also be due. The Crypto Fear and Greed Index, used to measure the mood of the market, is at 70, indicating "greed". That means it is now back in overbought territory, suggesting a correction to the $105,000 to $110,000 range "wouldn't be surprising", said Ipek Ozkardeskaya, a senior analyst at Swissquote Bank. "Still, the rally is underpinned by a crypto-friendly US policy shift and growing emerging market adoption – [and] both remain intact." Who is buying Bitcoin? Bitcoin is witnessing more participation from institutional investors, such as hedge funds and mutual funds, Mr Gilbert said. "Publicly traded companies are now adopting Bitcoin as part of their treasury strategy, with some making multibillion-dollar allocations," he added. "At the same time, retirement funds and sovereign wealth funds are starting to gain exposure through ETFs [exchange-traded funds], adding to the wave of demand chasing a fixed supply. This is the first real bull market where institutional participation is front and centre." US policy wins US President Donald Trump, a former crypto sceptic, is now championing digital assets. His influence and promises – both in the political and personal spheres – started the resurgence of the sector. That has resulted in his administration pushing for more crypto-friendly regulations. This week, the US House of Representatives will tackle key bills aimed at further regulating the cryptocurrency market. Crypto enthusiasts are hopeful that the Clarity Act, Anti-CBDC Surveillance State Act and Genius Act will be passed, which are expected to bring "some much-needed structure to the Wild West of digital assets", said Devika Mittal, regional head at Web3 company Ava Labs. "It's a bold move that demonstrates how far we've come from the days when cryptocurrency was viewed as a fringe investment. The timing couldn't be better, as countries like Vietnam are starting to embrace crypto themselves, following America's lead in the global digital economy." That also bodes well for Wall Street, where companies have been awaiting clearer rules. These bills could finally give them the confidence to dive in – in addition to protecting every day investors from scams and sketchy practices, Ms Mittal added. "Instead of treating crypto with suspicion, lawmakers are now actively working to help the industry thrive while keeping it transparent," she added. "It's a remarkable turnaround that could reshape our understanding of digital assets and blockchain." Among those bills, the Genius Act is expected to create a federal framework for stablecoins, one of the most significant regulatory steps the US has taken to date. 'This is not crypto on the fringe any more. This is front and centre of US financial policy. Trump is championing it, lawmakers are acting on it and Wall Street is all-in,' Mr Green said.
Tahawul Tech
11-07-2025
- Business
- Tahawul Tech
'Elon Musk is giving Bitcoin further ideological weight and policy relevance.' – Nigel Green, deVere CEO
Nigel Green, CEO of one of the world's leading independent financial institutions has said that tech entrepreneur Elon Musk is further legitimising bitcoin by placing it at the economic core of his newly formed America Party. Bitcoin surged above $112,000 this week for the first time, driven by mounting political momentum, regulatory repositioning, and strategic allocations from both corporations and sovereign entities. 'The shift is clear and aggressive,' said Nigel Green, CEO of deVere Group. 'Bitcoin is being pulled into the core of national economic thinking in the US – the world's largest economy – and also corporate treasury policy, and institutional portfolios. This isn't hype. This is capital following political will.' The Trump administration is sending unmistakable signals. Senior Treasury officials have confirmed internal reviews are underway on the potential inclusion of Bitcoin in US reserve strategy. Also committees continue to receive Bitcoin contributions, discussions between policymakers and digital asset custodians are ongoing, and new legislation supporting digital asset classification, custody, and tax treatment is gaining bipartisan support on Capitol Hill. 'When a sitting administration is weighing Bitcoin as part of sovereign reserves, that reshapes the global risk framework,' said Nigel. 'It doesn't just legitimize Bitcoin, it forces others—institutions and governments alike—to act.' Elon Musk's newly formed America Party has pushed Bitcoin further into the national conversation. In his Independence Day speech, Musk positioned Bitcoin as the foundation of economic resilience. This has reignited interest across retail platforms and triggered increased flows from politically aligned investor groups. 'Musk is giving Bitcoin further ideological weight and policy relevance,' says the deVere CEO. 'That moves markets. His reach is unmatched, and he's aligning it with a monetary vision that resonates with a generation raised on decentralized tech.' At the regulatory level, the SEC has softened its stance. Several enforcement actions have been withdrawn, and spot Bitcoin ETFs are moving through review with renewed agency engagement. Regulators are now focused on operational safeguards and disclosure standards. 'The era of blanket resistance appears to be over,' notes Nigel Green. 'Regulatory friction held back institutional involvement for years. Now that it's easing, we're seeing fresh inflows from asset managers who were waiting for exactly this moment.' Corporates are moving aggressively. MicroStrategy added $2 billion in Bitcoin in June, pushing its total above 300,000 BTC. Seventeen publicly listed companies disclosed Bitcoin holdings in recent filings, with more deploying capital through custodial structures and ETFs. Firms are integrating it into liquidity and risk frameworks. 'Boards are acting to preserve value through a cycle of rising debt and monetary uncertainty,' explains Nigel Green. 'Bitcoin gives them optionality, mobility, and a non-correlated reserve that holds its form under stress.' Sovereign institutions are advancing too. Pakistan has begun holding state-mined Bitcoin through its central bank. The Czech National Bank is reviewing Bitcoin for potential inclusion in foreign reserves. Sovereign wealth funds across Southeast Asia and Latin America are now engaged in operational discussions with digital custodians. While not all activity is being publicized, it is being closely tracked by global capital. 'These are central banks, state treasuries, and sovereign wealth funds treating Bitcoin as a strategic asset. They're not chasing headlines. They're preparing for what comes next.' Market data supports the shift. More than $340 million in short liquidations were triggered around the $112,000 breakout, according to data. Spot ETF inflows remain steady. Institutional buyers are dominating recent volume, with fewer retail-driven spikes and more structured accumulation. 'Governments and political figures are reshaping the environment Bitcoin operates in, and institutions—including corporate treasuries—are responding with deliberate allocation,' concludes Nigel Green. 'The new all-time highs are being powered by political and regulatory will that are unlocking new channels for capital, and by the growing acceptance that Bitcoin now plays a strategic role in global finance.'
