82 % of millionaires questions about the inclusion of crypto in their portfolios, survey - featured
82 % of millionaires questions about the inclusion of crypto in their portfolios, survey - featured
The asset management company Devere Group says that 82 % of the millionaires surveyed asked their financial advisors whether they want to include cryptocurrencies such as Bitcoin in their portfolios despite the crypto winter. "Wealthy investors understand that digital currencies are the future of money and they do not want to be left behind in the past," said the company's managing director.
Millionaires will benefit from the upcoming Crypto Bull Run, says Devere
The Devere Group, a global financial advisory and asset management company with a $ 12 billion (AUM) assets managed globally, published the results of your crypto survey on Monday. Devere found that 82 % of his multi-million dollar customers with investable assets were looking for between $ 1 and $ 5 million for investments in cryptocurrencies. The asset management company wrote without further details:
Eight out of ten wealthy private individuals (High net Worth, HNW) have asked their financial advisors in the past 12 months whether they would like to include cryptocurrencies like Bitcoin in their portfolios - despite a difficult market year 2022.
"In 2022, the cryptom market has delivered its worst performance since 2018, with Bitcoin, the headlines made by about 75 % in the course of the year," commented Nigel Green, CEO of the Devere Group. He explained that the crypto price declines are due to the fact that investors "reduced their commitment in risky assets, including stocks and crypto, due to increased concerns regarding inflation and slower economic growth.
The executive, however, pointed out that despite the crypto winter, wealthy investors "repeatedly obtained advice from their financial advisors to include digital currencies in their portfolios". Green emphasized: "Interestingly, this normally more conservative group could not be deterred by the Baisse and the unfavorable market conditions. Instead, they either wanted to begin to involve crypto or increase their exposure to crypto."
The Devere Executive said:
This indicates that these wealthy customers are increasingly aware of the inherent properties of cryptocurrencies such as Bitcoin, which have the core values of being digital, global, limitless, decentralized and manipulating.
"Weniges understand that digital currencies are the future of money and they do not want to be left behind in the past," he continued.
"Bitcoin has been on the way to his best January since 2013, based on the hope that inflation has reached its peak, monetary policy will be cheaper and the various crises of the crypto sector, including top -class bankruptcies, are now in the rear -view mirror," continued the executive of Devere.
notice that Bitcoin has so far increased by about 40 % this year, said Green, that the performance of the crypto of wealthy customers and " Want to build assets for the future will not be unnoticed ”. He closed:
If HNWS have expressed such a great interest in Baisse 2022, you will be one of the first in view of the steadily improving market conditions that benefit from the upcoming house.
The survey participants of Green and Devere Group are not the only ones that are optimistic about Bitcoin. A survey recently published by Nickel Digital Asset Management showed that institutional investors "a strong year ahead for Bitcoin "and 65 % of the insults. to bitcoin could reach
Another survey by Bitwise and Vettafi also showed that "financial advisors remain Highly engaged in crypto markets, with 15 % customer accounts and 90 % received detailed questions from customers. " Last month, global investment bank Goldman Sachs evaluates Bitcoin The most powerful system this year.
What do you think of millionaires who want to invest in cryptocurrency? Let us know in the comment area below.
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