Survey Indicates 35% of High Net Worth Individuals Have Invested in Crypto

According to a published survey, over a third of high net worth individuals either plan to or already have invested in cryptocurrencies.

The research was conducted by the deVere Group – a global independent financial consultancy group. The poll surveyed over 600 of the group’s clients from across the globe. It included individuals from the U.S., the U.K., Qatar, the United Arab Emirates, Australia, Hong Kong, Spain, Germany, and France.

According to an article in International Investment, the founder and CEO of the deVere Group, Nigel Green, stated:

“… mainstream expansion is clearly evidenced by the fact that more than a third [35 per cent] of wealthy individuals around the world – who are already likely to be successful investors – are telling us that they already have exposure to crypto or that they will have by the end of this year.”

To this, Green added that the company were planning to add new digital currency assets to their cryptocurrency application. deVere Crypto was launched in January on both Apple OS and Android. According to a press release from then, it allows clients to store, transfer, and exchange Bitcoin, Litecoin, and Ethereum. To this selection, deVere plans to include support for more crypto assets:

“The addition of Bitcoin Cash and EOS to the deVere Crypto app is part of our ongoing commitment to clients. The users of the app are demanding an ever-wider, diversified crypto portfolio as the crypto sector expands and moves even further into the mainstream.”

At the launch of deVere Crypto, Green expressed great optimism for the fintech industry and, unlike many analysts associated with traditional finance, for cryptocurrencies themselves too:

“Nothing has captured the imagination in this new fintech age quite like cryptocurrencies, specifically Bitcoin.  No-one was really talking about it back in 2016. But those who invested in Bitcoin before the beginning of last year have enjoyed an impressive price increase… History will teach us that 2017 was the year that digital currencies came into the mainstream.”

Nigel Green also stated that deVere’s wealthy clients were ‘unable to ignore the huge potential of cryptocurrencies,’ adding that there was ‘surging public… demand for digital, global currencies in a digitalised, globalised world.’

The deVere group have been interested in cryptocurrency for a while now. In addition to them launching their designated crypto application earlier this year, Nigel Green also stated that he felt that Ethereum was set to have another amazing two months for its investors. This trend, he predicted, would continue for the next couple of years too. He stated in an interview last month:

“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020.”

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