{"id":19052,"date":"2023-01-31T17:33:26","date_gmt":"2023-02-01T01:33:26","guid":{"rendered":"https:\/\/coinnetworknews.com\/82-of-millionaires-ask-about-putting-crypto-in-their-portfolios-survey-shows-featured-bitcoin-news\/"},"modified":"2023-01-31T17:33:26","modified_gmt":"2023-02-01T01:33:26","slug":"82-of-millionaires-ask-about-putting-crypto-in-their-portfolios-survey-shows-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/82-of-millionaires-ask-about-putting-crypto-in-their-portfolios-survey-shows-featured-bitcoin-news\/","title":{"rendered":"82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows \u2013 Featured Bitcoin News"},"content":{"rendered":"
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Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. \u201cWealthy investors understand that digital currencies are the future of money, and they don\u2019t want to be left in the past,\u201d the firm\u2019s chief executive said.<\/strong><\/p>\n

Millionaires to Capitalize in Forthcoming Crypto Bull Run, Devere Says<\/h2>\n

Devere Group, a global financial advisory and asset management firm with $12 billion in assets under management (AUM) worldwide, published the results of its crypto survey Monday. Devere found that among its millionaire clients with between $1 million and $5 million of investable assets, 82% have sought advice about investing in cryptocurrencies. Without providing additional details, the asset management firm wrote:<\/p>\n

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Eight out of 10 high net worth (HNW) individuals have asked their financial advisers about including cryptocurrencies, such as bitcoin, into their portfolios over the last 12 months \u2014 despite the market experiencing a difficult year in 2022.<\/p>\n<\/blockquote>\n

\u201cIn 2022, the crypto market delivered its worst performance since 2018, with bitcoin, the headline-grabbing market leader, falling about 75% during the year,\u201d Devere Group CEO Nigel Green commented. He explained that the crypto price drops resulted from investors reducing \u201ctheir exposure to risk-on assets, including stocks and crypto, due to heightened concerns about inflation and slower economic growth.\u201d<\/p>\n

However, the executive pointed out that despite the crypto winter, high net worth investors \u201cwere consistently seeking advice from their financial advisers about including digital currencies into their portfolios.\u201d Green stressed: \u201cInterestingly, this typically more conservative group was not deterred by the bear market and adverse market conditions. Instead, they were looking to either start including or increasing their exposure to crypto.\u201d<\/p>\n

The Devere executive opined:<\/p>\n

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This suggests that these high net worth clients are increasingly aware of the inherent characteristics of cryptocurrencies like bitcoin, which has the core values of being digital, global, borderless, decentralized and tamper-proof.<\/p>\n<\/blockquote>\n

\u201cWealthy investors understand that digital currencies are the future of money, and they don\u2019t want to be left in the past,\u201d he further said.<\/p>\n

\u201cBitcoin is on track for its best January since 2013 based on hopes that inflation has peaked, monetary policies become more favorable, and the various crypto-sector crises, including high-profile bankruptcies, are now in the rear-view mirror,\u201d the Devere executive continued.<\/p>\n

Noting that BTC<\/a> is up about 40% so far this year, Green said the crypto\u2019s performance \u201cwill not go unnoticed\u201d by high net worth clients and \u201cothers who want to build wealth for the future.\u201d He concluded:<\/p>\n

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If HNWs were expressing such huge interest in the 2022 bear market, as market conditions steadily improve, they\u2019re going to be amongst the first to capitalise in the forthcoming bull run.<\/p>\n<\/blockquote>\n

Green and Devere Group\u2019s survey participants are not the only ones bullish about bitcoin. A recent survey published by Nickel Digital Asset Management found that institutional investors expect \u201ca strong year ahead<\/a> for bitcoin\u201d and 65% of the institutional investors surveyed agree that BTC<\/a> could reach $100,000.<\/p>\n

A different survey by Bitwise and Vettafi similarly found that \u201cfinancial advisors remain highly engaged<\/a> in crypto markets, with 15% allocating in client accounts and 90% receiving inbound questions from clients about the space.\u201d Last month, global investment bank Goldman Sachs ranked bitcoin<\/a> the best-performing asset this year.<\/p>\n

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bitcoin outlook<\/a>, bullish bitcoin<\/a>, crypto outlook<\/a>, devere bitcoin<\/a>, Devere crypto<\/a>, Devere cryptocurrency<\/a>, devere group<\/a>, financial advisors<\/a>, High-Net Worth Investors<\/a>, HNW investors<\/a>, institutional investors<\/a>, millionaires bitcoin<\/a>, millionaires crypto<\/a>, millionaires cryptocurrency<\/a>, nigel green<\/a><\/div>\n<\/div>\n

What do you think about millionaires wanting to invest in cryptocurrency? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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