The asset management firm says 82% of millionaires surveyed have asked their financial advisors about adding crypto to their portfolios. cryptocurrency bitcoin $BTC
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said.
“In 2022, the crypto market delivered its worst performance since 2018, with bitcoin, the headline-grabbing market leader, falling about 75% during the year,” Devere Group CEO Nigel Green commented. He explained that the crypto price drops resulted from investors reducing “their exposure to risk-on assets, including stocks and crypto, due to heightened concerns about inflation and slower economic growth.
“Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” he further said.
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