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Laxman Pai, Opalesque Asia: A recent study carried out by deVere Group revealed that 68% of high net worth individuals (HNI) are into cryptocurrencies.
The global financial advisory body service polled 700 individuals with at least GBP1m ($1.3m) in investable assets and found as a result that 68% of these respondents already have some money in the cryptomarket or are interested in making considerable investments in the short term.
The 700-plus polled are located in the US, the UK, Australia, the UAE, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany, and South Africa.
Nigel Green, founder and CEO of deVere Group said: "The research shows that wealthy individuals are increasingly seeking exposure to cryptocurrencies. There is growing, universal acceptance that cryptocurrencies are the future of money - and the future is now. HNIs are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets"
"Crypto is to money what Amazon was to retail. Those surveyed clearly will not want to be the last one on the boat," he added.
Besides FOMO - the Fear Of Missing Out - Green believes there are five main drivers for high-net-worth individuals' surging interest in cryptocurrencies.
The deVere CEO's optimism comes as Bitcoin, the world's dominant cryptocurrency, has registered a five-month high on Friday, reinforcing the view put forward by its recent upswing towards bullish t...................... To view our full article Click here
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