A survey of more than 700 high net worth individuals, or wealthy individuals, found that nearly three-quarters of millionaires surveyed either already owns or want to invest in digital currencies by the end of 2022.
A poll conducted by the financial advisory deVere Group found that 73% of respondents are optimistic about cryptocurrencies, up from 68% in 2019.
The participants were people worth more than £ 1 million, equivalent to about $ 1.32 million. They are drawn from a variety of regions including the United States, the United Kingdom, Asia, Africa, the Middle East, Australia and Latin America.
Nigel Green, CEO and founder of DeVere Group, noted in a survey that Bitcoin is once again one of the best performing assets this year, with an annual growth rate of 125%, he added:
The study showed that “these impressive results are attracting the attention of wealthy investors, who are increasingly aware that digital currencies are the future of money, and that they do not want to be left behind.”
Green noted that some of the largest banks on Wall Street were among respondents who came up with bitcoin, and attributed their warm mood to the adoption of major companies like PayPal and Square:
“There is no doubt that many of these wealthy people surveyed have seen the increased interest expressed by institutional investors in leveraging the high returns that the digital asset class is currently providing as an important factor in inflation.”
Even former bitcoin skeptics on Wall Street are eagerly waiting for the cryptocurrency. At a recent New York Times conference, Jimmy Dimon, Chairman and CEO of JPMorgan Chase, said he “believes in” blockchain technology and a cryptocurrency that is “properly maintained and properly regulated”.
In 2017, Daimon made headlines by describing Bitcoin as a scam, although JPMorgan has since started using digital assets.
Billionaire hedge fund manager Ray Dalio still had doubts about Bitcoin, but on Tuesday he asked his doubts and wrote on Twitter:
“I might be missing something about Bitcoin, so I’d like to fix it.”
Dalio suggested that Bitcoin’s value is declining and that governments could “ban it and make it extremely dangerous to use.” He also said that he could not imagine that central banks, multinational corporations and large institutional investors were using it.
The Millionaire Survey was revealed on the same day that Bitcoin’s total market value reached a new permanent high of $ 336 billion and the price rose to more than $ 18,000, just below $ 19,963 in December 2017.