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Wealthy Individuals are Embracing Cryptocurrencies, Shows Recent Survey

 

Cryptocurrencies seem to be on their way toward mainstream use. Regulatory bodies are increasingly involved in their issuance and development. While some countries are going too far with that regulation, outright bans haven’t been unheard of: there’s still a lot of sound forward momentum.

Recently, the deVere Group dropped word our way about a new development on the crypto front: the increasing acceptance of crypto among HNWIs, or high net worth individuals.

The findings reveal that more than a third of wealthy individuals (35%) either have exposure to cryptocurrencies, or they intend investing by the end of 2018.

Nigel Green, deVere Group CEO, noted

“The survey’s findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies. There’s now surging public awareness of the value, need and demand for digital, global currencies in a digitalized, globalized world.

I expect that a broader awareness and understanding of the crypto sector will grow exponentially in the next year as the tech that underpins it further improves, as major corporations and financial institutions embrace it, and as regulation is further developed.”

He said more than 600 people living in South Africa, the United States, United Kingdom, Australia, the UAE, Qatar, Switzerland, Hong Kong, Spain, France, and Germany participated in the poll.

Green added that users of the deVere crypto app wanted an ever-wider, diversified portfolio, as digital currencies move further into the mainstream.

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