Wealthy increase cryptocurrency exposure

More than two-thirds of high-net-worth individuals will be invested in cryptocurrencies in the next three years, according to a new global poll.

The deVere Group survey showed that 68 per cent of poll participants had already been invested or would invest in cryptocurrencies such as Bitcoin, Ethereum and XRP, by 2022.

The over 700 respondents are clients who resided in the US, UK, Australia, the UAE, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany and South Africa.

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Nigel Green, founder and CEO of deVere Group, said there is universal acceptance that cryptocurrencies would be the future of money.

“High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets,” Green said.

“Crypto is to money what Amazon was to retail.  Those surveyed clearly will not want to be the last one on the boat.”


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