Crypto’s Popularity Amongst Millionaires Is Growing

According to the DeVere Group, clients with a net worth of approximately $1 million or more are seeking deeper exposure to cryptocurrency. The ideas of trading, selling and purchasing bitcoin and related digital assets are becoming very attractive, and those with a lot of money in their bank accounts want in. Nigel Green, the founder and CEO of the organization, is predicting that approximately 68 percent of millionaires will be invested in some sort of crypto-based venture by the year 2022. He comments: There is growing, universal acceptance that cryptocurrencies are the future of money, and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets. Crypto is to money what Amazon was to retail. Those surveyed clearly will not want to be the last one on the boat. What’s interesting is how much time professional traders have spent away from cryptocurrencies, believing they were too volatile to take seriously. Over the years, bitcoin and other forms of cryptocurrency have proven vulnerable to outside market influence. This, in turn, has caused them to lose hundreds or even thousands from their prices, and many traders have been too concerned with losing their funds as soon as they’re invested.