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November 23, 2020
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Survey reveals: 73% of millionaires will own Bitcoin in 2022 – Webitcoin

According to the news site NewsBitcoin, one new search Devere Group’s global 73% of millionaires will invest in cryptocurrencies, like bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The discoveries came at a time when the price of bitcoin exceeded $ 18,000.

Devere Group is a large independent financial advisory company. The group asked more than 700 of its high net worth clients – those with more than $ 1 million in investment assets – who currently reside in the USA, the UK, Asia, Africa, the Middle East, East Asia, Australasia and America Latin.

Bitcoin price increased 125% YTD, making it once again one of the best performing assets of the year ”, commented Devere Group founder and CEO, Nigel Green, elaborating:

As the research shows, this impressive performance is drawing the attention of wealthy investors, who increasingly understand that digital currencies are the future of money and do not want to stay in the past.

The group conducted the same research on last year and found that 68% of millionaires would invest in cryptocurrencies in the next few years or had already invested.

Green explained that he has no doubt that the high net worth clients interviewed “saw that one of the main drivers of the price increase is the growing interest expressed by institutional investors”, including some of the largest Wall Street Banks, “who are capitalizing the high returns that the digital asset class is currently offering. ”

Devere’s CEO added that Paypal now offers a cryptocurrency service, allowing customers to buy, sell and store bitcoins. Recently, several famous hedge fund managers, including Bill Miller, Stan Druckenmiller and Paul Tudor Jones, said that bitcoin has the potential to outperform gold.

In addition, Green emphasized that investors are attracted to bitcoin as a “legitimate protection against concerns about long-term inflation” due to the stimulus packages promised by major governments and central banks worldwide. He detailed:

These emergency measures, like the massive money printing schedule, reduce the value of traditional currencies like the dollar.

Green went on to describe a number of attractive features of cryptocurrencies. First, he said, “they have no borders, which makes them perfectly suited to an ever globalized world of commerce, commerce and people”. Second, “they are digital, making them perfectly suited to the growing digitization of our world”. He also noted that “younger people are more likely to adopt them than older generations”. CEO Devere concluded:

High net worth individuals are not prepared to lose the future of money and are rebalancing their portfolios for these digital assets.

Source: NewsBitcoin

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