Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years.
Millionaires Don’t Want to Miss Out on Bitcoin
A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000.
Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net worth clients — those having more than $1 million in investable assets — who currently reside in the U.S., the U.K., Asia, Africa, the Middle East, East Asia, Australasia, and Latin America.
“The price of bitcoin is up 125% year-to-date, making it once again one of the best-performing assets of the year,” commented Devere Group founder and CEO Nigel Green, elaborating:
As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.
The group conducted the same survey last year and found that 68% of millionaires were either going to invest in cryptocurrencies in the next couple of years or already invested.
Green explained that he has no doubt the high net worth clients polled “have seen that a major driver of the price surge is the growing interest being expressed by institutional investors,” including some of the largest Wall Street banks, “who are capitalizing on the high returns that the digital asset class is currently offering.” The Devere CEO further added that Paypal