A new global poll conducted by deVere Group suggests that more than two-thirds of the world’s wealthy could hold cryptocurrency investments by the end of 2022. The poll surveyed more than 700 clients in the U.S and a dozen other countries, who all have investable assets valued at more than £1m.
In a release announcing the survey results, deVere noted that 68 percent of its respondents reported that they already hold cryptocurrencies like Bitcoin, XRP, and Ethereum, or plan to invest in the assets over the course of the next three years. The firm’s CEO, Nigel Green, suggested that the poll results indicates an increased appetite for crypto exposure on the part of those wealthy individuals.
“There is 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.”
However, Green was also clear that the interest wasn’t simply based on the fear of missing out. He cited several other reasons for that interest, including: crypto’s borderless nature; its status as digital money in an age of increasing digitalization; its potential for solving real life problems; its growing popularity with young people; and renewed interest from professional institutional investors.