According to research by the deVere Group, 82% of wealthy clientele have thought about investing in digital assets like Bitcoin in 2022. Studies show a rising interest in Bitcoin investments among millionaires. Despite 2018 being a tough year for cryptocurrencies, a new survey by financial advisory firm deVere Group found that 82% of wealthy clients […]
, showed that eight out of 10 of the company’s high net worth clients who had between $1.2 million and $6.1 million in investable assets had done so in the previous year.
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. “Bitcoin is on track for its best January since 2013 based on hopes that inflation has peaked, monetary policies become more favorable, and the various crypto-sector crises, including high-profile bankruptcies, are now in the rear-view mirror.”Not just HNW people have grown their cryptocurrency holdings in the past year. JPMorgan Chase estimates that over 43 million Americans, or 13% of the country’s total population, held cryptocurrency at some point in their life as of 13 December, 2022.
Other recommendations made in the statement to Congress included tightening the standards for crypto companies’ openness and transparency, escalating the penalty for breaking laws governing illicit money, and cooperating more closely with foreign law enforcement partners.The year has started well for the cryptocurrency markets, which have seen some impressive gains as investors drive up the value of digital assets despite industry challenges.
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