The survey shows that nearly three-quarters of millionaires have invested or plan to invest in cryptocurrencies by the end of 2022.
Let’s take a look at what their reasons for that and what it could mean for cryptocurrencies.
Millionaires see it crystal clear
The survey was conducted by the deVere Group and revealed surprising data. The deVere Group is an independent financial advisory organization, and the survey told us that 73% of millionaires plan to invest or have already invested in cryptocurrencies. By the end of 2022, they plan to invest in cryptocurrencies such as Bitcoin, Ethereum or Ripple.
The survey shows that these are investors with an investment portfolium of more than $ 1.3 million. So these are not small investors.
One possible reason may be that Bitcoin has a good chance of breaking its historical highs. Another possibility is that Bitcoin proved again to be one of the most profitable assets, with a year-on-year growth of 125%.
Great news for the cryptoworld
The news that investors are aware of the value of cryptocurrencies and want to invest in them is very good and favorable for cryptocurrencies as such. Thanks to this event, we can look forward to earlier adoption by a mainstream comunity.
Nigel Green, CEO and founder of the deVere Group, noted that these investors (including high-ranking Wall Street banks) are aware that cryptocurrencies have a future. With their arrival, retail traders will notice that cryptocurrencies are a thriving investment sector.
The future with a financial system we can trust is a little closer again. With the arrival of large investors, others will soon begin to notice this sector. Just being able to hold and buy cryptocurrencies through PayPal has greatly helped many people start investing in cryptocurrencies and protect their money. If you are not investing yet and are deciding whether to start, remember the golden rule of investing: invest only as much as you can afford to lose.