Despite Bitcoin being all over the place this past week, a lot of wealthy investors haven’t lost their faith in crypto or the space and they actually intend to stake a lot more money into the market over the next three years according to a survey.
Two of three millionaire investors have already got a cryptocurrency or they plan to get ahold of one before 2023.
This confirmation came from more than 700 investors across thirteen nations with £1 million or more available to invest.
Founder and CEO of one of the leading financial advice firms deVere Group, Nigel Green said:
“The research shows that wealthy individuals are increasingly seeking exposure to cryptocurrencies.”
“There is a growing, universal acceptance that cryptocurrencies are the future of money – and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets.”
Aside from FOMO for a bumper investment return, Green believes that there are five key factors that are powering high-net-worth individuals to take a stake in cryptocurrencies.
“Cryptocurrencies are borderless, making them perfectly suited to an ever globalised world of commerce, trade, and people. They are digital, making them perfectly suited for the increasing digitalization of our world, which is often called the fourth industrial revolution.”
He goes onto say:
“They provide solutions for real-life issues, including making international remittances more efficient, and help bank the world’s estimated two billion ‘unbanked’ population.”
“Demographics are on the side of cryptocurrencies as younger people are more likely to embrace them than older generations.