Survey reveals 35% of HNWIs are investing in cryptocurrencies

Survey reveals 35% of HNWIs are investing in cryptocurrencies

DeVere has published the findings of a new international poll in which it is revealed that 35% of high net worth individuals (HNWIs) have already invested in or intend to make investments in cryptocurrencies before the end of the year.

The 600-plus respondents of the survey are deVere clients who currently reside in the US, the UK, Australia, the UAE, Qatar, Switzerland, Hong Kong, Spain, France, Germany and South Africa.

Nigel Green, founder and CEO of deVere Group, said: “The addition of Bitcoin Cash and EOS to the deVere Crypto app is part of our ongoing commitment to clients. The users of the app are demanding an ever-wider, diversified crypto portfolio as the crypto sector expands and moves even further into the mainstream.

“This mainstream expansion is clearly evidenced by the fact that more than a third [35 per cent] of wealthy individuals around the world – who are already likely to be successful investors – are telling us that they already have exposure to crypto or that they will have by the end of this year.”

He continued: “The survey’s findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies.

“There’s now surging public awareness of the value, need and demand for digital, global currencies in a digitalised, globalised world.”

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.