82% of Millionaires Consider Investing in Bitcoin by 2022: deVere Group Survey

• A survey by financial advisory firm deVere Group found that 82% of wealthy clients have considered investing in digital assets like Bitcoin [BTC] in 2022.
• Despite 2018 being a tough year for cryptocurrencies, a new survey by financial advisory firm deVere Group found that 82% of wealthy clients have considered investing in digital assets like Bitcoin (BTC) in 2022.
• A 2020 study from deVere found that 73% of the 700 surveyed high net worth (HNW) individuals either already own or are looking to invest in cryptocurrencies before the end of 2022.

The deVere Group, a financial advisory firm, recently released a survey that revealed an increasing interest in digital asset investments among wealthy clients. The survey, which was conducted in 2022, revealed that 82% of the company’s high net worth (HNW) clients who had between $1.2 million and $6.1 million in investable assets had thought about investing in digital assets like Bitcoin.

Despite the year 2018 being a tough one for cryptocurrencies, the survey has revealed a rising interest in such investments among millionaires. This could be attributed to the key characteristics of such investments, which are digital, global, borderless, decentralized, and tamper-proof. This is especially true since big financial firms like Fidelity, BlackRock, and JPMorgan have been providing their clients with crypto services.

Another survey conducted by the deVere Group in 2019 also revealed that 68% of global HNW individuals were already invested or planning to invest in crypto by the end of 2022. Similarly, a 2020 study from deVere found that 73% of the 700 surveyed HNW individuals either already own or are looking to invest in cryptocurrencies before the end of 2022.

Moreover, a PwC analysis from June 2022 revealed that about one-third of the 89 traditional hedge funds questioned were already investing in digital assets like bitcoin. With the changing circumstances, it is expected that the “crypto winter” of 2022 will soon thaw.

Nigel Green, CEO, and founder of deVere Group sees this as a positive sign for the sector and expects more HNW individuals to invest in digital assets like Bitcoin in the near future. He believes that the key characteristics of such investments are enough to attract more investors into the sector.