Cryptocurrency News-35% of the High Networth Individuals have invested in Cryptocurrencies

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According to a recently published survey, 35% of the high net worth individuals are either already invested in cryptocurrencies or plan to do so in the very near future.

DeVere Poll:

According to the research which is done by deVere Group which is an independent financial consultant, 35% of the individuals from the HNI category have either already invested in cryptocurrencies or are bound to do so in the near future. They surveyed over 600 different high net worth individuals. These were spread across various countries like US, UK, USA, Australia, Hong Kong, Spain, Germany, and France.

According to the founder and CEO of deVere Group, this clearly indicates that cryptocurrencies are becoming more and more mainstream. As a result, by the end of this year, the investments in cryptocurrencies will increase significantly by the high net worth individuals as well as the common public.

Also, he was quick to add that cryptocurrency is fast emerging as an alternative asset class. This is the reason why people are looking to invest larger amounts in cryptocurrencies. Also, since the HNI nowadays have the option to invest in ICO’s as well as cryptocurrencies, the variants which are available to them for their portfolio are plenty. As a result, it is becoming easier for them to invest in cryptocurrencies.

The group itself has also been interested in the cryptocurrency universe for quite a period of time. Earlier this year, they launched a cryptocurrency application as well. They further stated that they are only keeping a watch on the mainstream cryptocurrencies like Ethereum. According to them, by the end of 2018, Ethereum can rise to as high as $ 2500. This is a significant increase from the current price of around $ 600. If indeed, Ethereum is able to rise by such a significant amount, it will surely be one of the best performing cryptocurrencies in the current year.

With currencies like Ethereum slated to increase in the 2nd half of this year, the attention towards cryptocurrencies is bound to increase. As a result, not only the high net worth individuals but also the normal public will surely think about investing in cryptocurrencies. This will further increase the traction of cryptocurrencies among the masses. As a result, the probability of investment will increase significantly as well.

One thing is for sure, the high net worth individuals are always at the forefront when it comes to newer investment opportunities. In the future, the masses will surely follow.

 

About Manish 352 Articles
I am an avid crypto lover and a electronics & telecommunications engineer by qualification. I follow the cryptocurrency & blockchain industry closely to focus on the latest news & developments.

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