A survey of more than 700 high net worth people (HNWs) found this Almost three quarters of the millionaires surveyed already own or want to invest in cryptocurrencies before the end of 2022.
The survey carried out by the financial advisory organization deVere Group showed that 73% of respondents are in favor of cryptocurrencies, up from 68% in 2019.
Attendees were people with more than £ 1 million, which is roughly $ 1.32 million. They were selected from a variety of regions including the United States, the United Kingdom, Asia, Africa, the Middle East, Australia, and Latin America.
The CEO and Founder of DeVere Group, Nigel Green said in the survey that Bitcoin was again one of the best performing assets this year, with a 125% increase this year.. Added:
“As the survey shows, this impressive achievement is attracting the attention of wealthy investors who increasingly understand that digital currencies are the future of money and don’t want to stay in the past.”
Green explained that Some of the largest Wall Street banks are among those surveyed who want to own Bitcoinand attributed their warm mood to the acceptance by large companies like PayPal and Square:
“There is no doubt that many of these HNWs surveyed have determined that the growing interest of institutional investors benefiting from the high returns of the digital asset class is a major driver of the price hike. “”
Even former Bitcoin skeptics on Wall Street are more receptive to digital currencies. During a recent New York Times conference, JPMorgan Chase, President and CEO, Jamie Dimon said he was a “believer” in blockchain technology and cryptocurrencies “which are properly supported and regulated”..
Dimon hit the headlines in 2017 when he labeled Bitcoin a scamalthough JPMorgan has since adopted digital assets.
The billionaire hedge fund manager Ray Dalio still has many doubts about Bitcoin but questioned his own skepticism on Tuesdayto Tweet::
“I may be missing something about Bitcoin, so I would like to be corrected.”
Dalio had suggested that Bitcoin is falling as a store of value and that governments “can ban it and make it too dangerous to use”.. He also said he couldn’t imagine central banks, multinational corporations and large institutional investors using it.
The same-day survey of millionaires found that Bitcoin’s total market capitalization hit a new all-time high of $ 336 billion and the price surged over $ 18,000.just below the high of $ 19,763 reached in December 2017.