Survey report: 94% of Asian private wealth has invested or considered investing in cryptocurrencies | It has become a trend for the rich to allocate digital assets——
Cointelegraph cited a newly released report from Aspen Digital showing that private wealth’s interest in cryptocurrencies in Asia is growing significantly.
The survey shows that 76% of Asian private wealth has already invested in digital assets, and another 18% plans to invest in the future, totaling up to 94%.
I personally think that the real rich people mainly invest in #BTC; the more money the rich bring in, the higher the rise of Bitcoin, and then the money will flow to other things;
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.
Two-thirds of the respondents expressed interest in decentralized finance (DeFi), and 61% expressed interest in AI and DePIN. In addition, with the approval of spot Bitcoin ETFs in the United States and Hong Kong, 53% of the respondents have gained cryptocurrency exposure through funds or ETFs.
Source: @BlockBeatsAsia
Link: https://www.theblockbeats.info/flash/266971
In the future, more and more wealthy people will allocate digital assets. Compared with other global assets, the growth and security of digital assets will be better and better. There are several main reasons for allocating digital assets:
1) Diversify your investment portfolio:
Digital assets, such as cryptocurrencies (Bitcoin, Ethereum, etc.) and some NFTs (non-fungible tokens), provide an investment opportunity that is different from traditional financial markets. This helps to diversify risks because the price fluctuations of digital assets often do not synchronize with traditional assets such as stocks and bonds.
2) High potential returns:
Although digital asset markets are very volatile, potential returns can be significantly higher than with traditional investments. People who invested early in Bitcoin or other popular projects have witnessed returns of dozens or even hundreds of times, which is an attraction that cannot be ignored for the wealthy.
3) Protecting Privacy:
Bitcoin and some other cryptocurrencies offer relatively anonymous transactions, an advantage for wealthy individuals who want to maintain privacy in certain investment activities, although anonymity is also being challenged as compliance increases.
4) Hedge against inflation:
Cryptocurrencies, especially Bitcoin, are often viewed as "digital gold." The wealthy may convert part of their assets into cryptocurrencies as a hedge against inflation, as the supply of cryptocurrencies is limited, in contrast to the unlimited printing of fiat currencies.
5) Technological Faith and Futurism:
Many wealthy people are optimistic about blockchain technology and its application prospects, and invest in digital assets not only for financial returns, but also to support and promote new technologies that they believe will change the world.
6) Social and cultural capital:
Owning or investing in digital assets may be seen as fashionable, avant-garde, or a ticket to enter a specific social network, especially in a certain social circle. This is not only an economic consideration, but also a symbol of social status.
7) Tax avoidance and international transfers:
While the legalities and ethics may vary, digital assets can be used in some cases to avoid taxes or move assets across borders because they are not subject to the same strict international regulation as traditional assets.
8) Innovation and Opportunity:
The digital asset market provides opportunities to participate in start-up projects, DeFi (decentralized finance), NFT and other fields. These fields are in rapid development and provide not only investment opportunities, but also opportunities to participate in or lead emerging markets.
