BlockBeats news, on October 17, according to Cointelegraph citing the latest report released by Aspen Digital, Asia’s private wealth’s interest in cryptocurrency is growing significantly. The survey shows that 76% of Asia’s private wealth is already involved in digital assets, with another 18% planning to invest in the future, for a total of 94%.
The report surveyed 80 family offices and high-net-worth individuals in Asia, with most respondents managing assets between $10 million and $500 million. This is a significant increase from 2022, when only 58% of respondents were involved in digital assets.
Among respondents who have invested in cryptocurrencies, 70% have less than 5% of their portfolios in digital assets. However, some investors have increased their allocation to more than 10% in 2024.
The survey also found that Asian private wealth is increasingly interested in the profit opportunities brought by the application of blockchain technology. Two-thirds of respondents expressed interest in decentralized finance (DeFi), and 61% expressed concern about artificial intelligence and decentralized physical infrastructure networks (DePIN). In addition, with the approval of spot Bitcoin ETFs in the United States and Hong Kong, 53% of respondents have gained cryptocurrency exposure through funds or ETFs.