Poll: 73% of large private investors already own cryptocurrency

The deVere Group, a financial consulting company, surveyed over 700 high-net-worth individuals andfound that nearly three-quarters of them had alreadyown cryptocurrency or intend to acquire it by the end of 2022. 73% of the participants gave an affirmative answer to this question, while in 2019 there were 68% of them.

To participate in the survey, deVere Group were invitedpersons whose fortune exceeds 1 million British pounds. Among them were residents of the USA, Great Britain, Asia, Africa, the Middle East, Australia and Latin America.

Nigel Green, CEO and founder of deVere Group, said that Bitcoin has once again managed to become one of the most profitable assets this year with a gain of 125%.

“According to the survey, this impressive figureattracts the attention of wealthy investors who are increasingly realizing that digital currencies are the future of money, and they do not want to remain in the past "- he added.

According to Green, interest in bitcoin is shown inincluding the biggest banks on Wall Street, whose adoption of cryptocurrencies by companies such as PayPal and Square has helped to improve their attitude towards cryptocurrencies.

“Without a doubt, those who took part in the surveyhigh net worth individuals saw an important driver of growth in the exchange rate as the interest shown by institutional investors taking advantage of the high returns currently offered by the digital asset class. "- said Green.

Investors are ditching gold in favor of bitcoin

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According to Deutsche Bank Managing Director Jim Reed, Bitcoin has recently become increasingly popular as a means of storing wealth.

"There has been an increased demand for bitcoin from those investors who typically used gold to hedge the risks of the US dollar, inflation and other such things."- said Jim Reid (Jim Reid).

Bitcoin has long been called the digital equivalent of gold,given the limited and known in advance the amount of BTC. Many investors emphasize that bitcoin can be used as a store of value without being dependent on the banking system. Moreover, if the gold rate for 2020 increased by 22%, then the price of the first cryptocurrency increased by 144%.

Reed noted that the rate of the first cryptocurrency roseby a quarter this month, and gold and silver have lost slightly in value, which is strange. The announcement that pharmaceutical companies Pfizer and Moderna have prepared a vaccine against COVID-19 led to an outflow of money from assets to store wealth, but this did not affect Bitcoin.

Previously, Grayscale Investments managing director Michael Sonnenshein said that investors began to buy Bitcoin much more often instead of gold ETFs.

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