As per the Crypto Asset Report from Henley & Partners, there are currently 22 individuals worldwide with crypto assets valued at $1 billion or more, and notably, 6 of them have chosen Bitcoin as their primary investment.
The report estimates that approximately 425 million people globally are involved in the crypto space, holding various crypto assets such as Bitcoin and alternative currencies. While the growth of the crypto market may not be as rapid as its peak, it remains a prevalent investment option. A joint report by the CFA Institute and the Financial Industry Regulatory Authority (FNRA) indicates that over half of Generation Z individuals (ages 18 to 25) have engaged in crypto asset investments.
However, a Pew Research survey conducted in April reveals that 75 percent of Americans lack confidence in the safety and trustworthiness of investing in or using cryptocurrencies. Interestingly, 45 percent of respondents noted that their crypto investments did not meet their expectations, while only 15 percent reported earnings surpassing their initial projections.
Henley & Partners' report discloses that among the crypto users with assets surpassing $1 million, numbering 88,200 individuals, less than 1 percent of them focus on Bitcoin. Specifically, 40,500 investors allocate their funds to Bitcoin, constituting 46 percent of the total.
In the category of investors with crypto assets exceeding $100 million, only 182 individuals are identified, and a majority of 78 prefer Bitcoin as their primary investment.
The overarching conclusion is that while a considerable number of individuals are involved in the crypto market, preferences and confidence levels vary, with Bitcoin maintaining a significant presence among high-net-worth investors.
