**Crypto Craze in Asia: Private Wealth Dives into Digital Assets**
- A new report from Aspen Digital reveals that 76% of private wealth in Asia has already dipped its toes into digital assets, with another 18% planning to join the crypto party soon. 🎉
- Interest has surged since 2022, when only 58% had ventured into the digital asset world. Now, even family offices managing $10M to $500M are getting in on the action.
- While 70% of current investors have allocated less than 5% of their portfolios to crypto, some are going all-in with over 10% by 2024.
- Two-thirds are eyeing decentralized finance (DeFi), and 61% are intrigued by AI and decentralized physical infrastructure networks (DePIN).
- Optimism is high for Bitcoin (BTC), with 31% predicting it will hit $100,000 by the end of 2024.
- The approval of spot Bitcoin ETFs has further fueled this digital asset appetite, with 53% of respondents gaining exposure through funds or ETFs.
- This trend mirrors global developments, with crypto exposure among hedge funds rising from 29% in 2023 to 47% in 2024, thanks to regulatory clarity and new ETFs in the US and Asia.