Survey: “73% of millionaires have invested or are preparing to invest in cryptocurrencies.”
deVere Group conducted a survey, according to which 73% of people with significant capital have already invested, or plan to invest in digital assets by the end of 2022.
The survey involved more than 700 people from different regions of the world, including both the wealthy countries of Europe and North America and the less affluent states of Africa and Asia. Respondents had to have investment capital worth more than 1 million pounds.
“As the survey showed, impressive cryptocurrency results attract rich investors. They all better understand that digital currencies are the future of money, and do not want to stay in the past. A similar survey last year showed that 68% of wealthy people plan to invest in cryptocurrencies. Growth was 5% for the year, “said Nigel Green, founder of the deVere Group.
He also added that many of the wealthy respondents see that the reason for the growth of the cryptocurrency market is the growing interest from institutional investors. Digital assets now provide very high returns.
Green stressed that most wealthy investors, including Wall Street’s largest banks, have already realized that decentralized currencies will not go anywhere, and this will lead to new cash injections into the already booming industry. The decision of the payment company PayPal to provide cryptocurrency services to its customers in the United States will also contribute.
The CEO of deVere Group noted that in bitcoin investors are attracted by the opportunity to hedge inflation risks. Fears of rising inflation are growing, especially in view of the stimulus measures taken by various countries.
“Wealthy people are not ready to miss the opportunity to participate in the future of money, and therefore they are changing the investment portfolio, increasing the number of digital assets,” concluded Green.
Earlier, investor Stanley Druckenmiller said that invest in cryptocurrencies will be more profitable than investments in gold.