Four out of every five of deVere Group’s high-net-worth clients were found to have discussed adding cryptocurrency to their portfolios with their financial advisors, according to recent research.
Despite a tough year for cryptocurrencies, a recent survey by financial advisory firm deVere Group found that 82% of multi-million dollar customers plan to invest in digital assets like Bitcoin in 2022. Are considering.
Eight out of 10 of the company’s high net worth (HNW) clients surveyed (those with $1.2 million to $6.1 million in investable assets) were in the financial I was seeking advice on cryptocurrencies from an advisor. 12 months.
Nigel Green, CEO and founder of deVere Group, said that while groups surveyed are “usually more conservative,” their interest is in Bitcoin as “digital, global, borderless, decentralized and tamper-proof.” He said that he believes it comes from the core values of .”
The company’s research over the past few years has shown a trend of growing interest in crypto investments from wealthy investors.
While the firm’s 2019 study found that 68% of global HNW individuals were already invested or planning to invest in crypto by the end of 2022, a 2020 study from deVere found that 73% of the 700 high-net-worth individuals either already owned or were looking to invest in cryptocurrencies before the end of 2022.
Green sees it as a positive sign for the sector because established financial firms like Fidelity, BlackRock, and JPMorgan are becoming more interested in providing clients with crypto services.