FOMO millionaires: 73% will own Bitcoin by 2022, survey

Hundreds of millionaires have revealed in a new survey that they have already invested in bitcoin or plan to invest in the cryptocurrency in the next few years.

Millionaires don’t want to miss out on Bitcoin

A new global survey by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came when the price of bitcoin surpassed $ 18,000.

Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high-net-worth clients, those who have more than $ 1 million in assets to invest, currently residing in the US, UK, Asia, Africa, Middle East, Asia Eastern, Australasia and Latin America.

“The price of bitcoin is up 125% so far this year, making it once again one of the best-performing assets of the year,” said Devere Group founder and CEO Nigel Green and explained the following:

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and do not want to stay in the past.”

The group conducted the same survey last year and found that 68% of millionaires were either going to invest in cryptocurrencies in the next few years or had already invested.

Green explained that he has no doubt that the high net worth clients surveyed “have seen that one of the main drivers of the price increase is the growing interest expressed by institutional investors,” including some of the largest Wall Street banks. , “who are capitalizing on the high returns that the digital asset class currently offers.” The Devere CEO added that Paypal now offers a cryptocurrency service, allowing customers to buy, sell and hold bitcoins. Recently, several famous hedge fund managers, including Bill Miller, Stan Druckenmiller, and Paul Tudor Jones, said that bitcoin has the potential to outperform gold.

Furthermore, Green emphasized that investors are drawn to bitcoin as a “legitimate hedge against long-term inflation concerns” due to the stimulus packages promised by major governments and central banks around the world. He detailed the following:

“These emergency measures, like the massive money printing agenda, reduce the value of traditional currencies like the dollar.”

Green went on to describe a number of attractive features of cryptocurrencies. First, he said, “they have no borders, so they are perfectly suited to an increasingly globalized world of global commerce, commerce and people.” Second, “they are digital, which makes them perfectly suitable for the increasing digitization of our world.” Furthermore, he noted that “younger people are more likely to accept them than older generations.” The Devere CEO concluded by saying:

“High net worth individuals are not prepared to miss out on the future of money and are rebalancing their portfolios towards these digital assets.”

For the ecosystem of cryptocurrencies, new challenges are approaching, it is possible that the blockchain-bitcoin technology, advances in increasingly certain steps, which consolidates this revolutionary technology. Waiting for new announcements.

Reference: news.bitcoin.com

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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