Millionaires are starting to take an interest in Bitcoin (BTC)
Another sign of the progressive adoption of Bitcoin (BTC)? A deVere Group survey shows that the vast majority of millionaires already own BTC or plan to invest in the near future. What else is there to propel the asset price even further?
As reported by the media outlet Finbold, 700 „high net worth individuals“ were interviewed. That is, investors with more than 1 million British pounds (GBP) – about 1.2 million euros at the current rate. These avid Bitcoin millionaires, however, are not necessarily located in the UK, they come from a wide variety of regions.
73% of them said they already own Bitcoin, or plan to buy it by 2022. This is an increase compared to 2019, when 68% said they wanted to bet on Bitcoin.
As the study explains, millionaires are turning more and more to Bitcoin as large institutions and companies become interested in the subject of cryptomoney. The arrival of PayPal and Square in the race has certainly precipitated the trend: it brings legitimacy to a sector that still sometimes suffers from a mixed reputation.
The CEO of deVere Group, Nigel Green, also believes that this is a basic calculation: Bitcoin continues to be one of the best performing assets of the moment, with an increase of +125% compared to last year :
„This impressive performance is attracting the attention of wealthy investors, who are gradually realizing that digital currencies are the future of money – they don’t want to cling to the past. »
It is certain that we see more and more millionaires interested in Bitcoin. Yesterday, we learned that a large Mexican fortune had devoted 10% of its liquid assets to the BTC. This summer we also learned that 25% of institutional investors hold Bitcoin, which shows this change in mentality.
All this is logically reflected in the price of Bitcoin. In the midst of a „bull run“ over the last few weeks, it briefly crossed the $18,400 mark yesterday, and this morning it is trading at $17,800.