{"id":2469196,"date":"2023-07-11T13:17:41","date_gmt":"2023-07-11T17:17:41","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2469196"},"modified":"2023-10-15T03:26:53","modified_gmt":"2023-10-15T07:26:53","slug":"millionaires-continue-to-pile-into-crypto-poll","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/millionaires-continue-to-pile-into-crypto-poll\/","title":{"rendered":"Millionaires Continue To Pile Into Crypto: Poll"},"content":{"rendered":"\n<p><span data-ogsc=\"\">High net worth (HNW) investors have not lost any confidence in cryptocurrencies, despite the dismal so-called crypto winter of 2022, as the robust first half of year continues for the market.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">85% of HNW clients have considered, or currently already are, investing in <a href=\"https:\/\/www.valuewalk.com\/crypto-trading-and-its-impact\/\">cryptocurrencies<\/a> such as Bitcoin so far in 2023, according to a survey carried out by deVere Group, one of the world\u2019s largest independent financial advisory, asset management and fintech organizations.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">The poll\u2019s findings were up from 82% of the organisation\u2019s HNW clients with between \u00a31m and \u00a35m of investable assets who sought advice on cryptocurrencies throughout 2022, as a whole.<\/span><\/p>\n\n\n\n<div class=\"ca-widget\" data-token=\"db374bac7cf4\"><\/div><script async=\"\" defer=\"\" src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script>\n\n\n\n<h2 class=\"wp-block-heading\">Renewed Confidence In Crypto<\/h2>\n\n\n\n<p><span data-ogsc=\"\">Nigel Green, chief executive and founder of deVere Group, comments: \u201cThe half year crypto poll reveals that, despite the crypto market delivering its worst performance since 2018 last year, 2023 has seen a remarkable turnaround for <a href=\"https:\/\/www.valuewalk.com\/searches-for-cbdc-soar-769-worldwide-to-an-all-time-high-amid-demand-for-digital-currencies\/\">digital currencies<\/a>.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">\u201cThis sustained market bounce is quite incredible considering just how dark the 2022 crypto market was, with a string of serious headline-grabbing events triggering a domino effect of financial losses that led to a shattering of investor confidence in cryptocurrencies.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">\u201cLast year&#8217;s&nbsp;price drops also came as investors reduced their exposure to risk-on assets, including stocks and crypto, due to heightened concerns about inflation and slower economic growth.\u201d<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">Amongst other incidents, in May 2022, the TerraUSD and Luna stablecoins crashed, taking billions of dollars of investor equity down with it. The market was further rattled by the bankruptcy of crypto exchange FTX in November, which also wiped out billions of investor money. Allegations of financial wrongdoing were tabled against the firm\u2019s leaders, including the company&#8217;s founder <a href=\"https:\/\/www.valuewalk.com\/sam-bankman-fried-used-client-funds-to-buy-influence-in-the-congress\/\">Sam Bankman-Fried<\/a>.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">\u201cIt really was about as bad as it could\u2019ve been for the crypto market last year. And 2023 has, so, far been characterised by the US Securities and Exchange Commission (SEC) ramping up oversight in the digital asset space.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">\u201cThe fact, then, Bitcoin has gained 80% already in 2023, putting it on track for its best annual performance since 2020, and that Ethereum prices are also up 52% so far this year, is truly impressive.\u201d<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">The deVere CEO notes: \u201cAgainst this backdrop of the so-called \u2018crypto winter\u2019, and the macroeconomic headwinds, HNWs are consistently seeking advice from their financial advisors about including digital currencies into their portfolios, or increasing their exposure to them.\u201d<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">He added that despite the surveyed group being &#8220;typically more conservative,&#8221; he believes the interest stems from <a href=\"https:\/\/www.valuewalk.com\/is-bitcoin-just-a-crisis-currency-or-something-more\/\">Bitcoin<\/a>\u2019s core values of being &#8220;digital, global, and borderless.\u201d<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">The deVere Group CEO also notes the cryptocurrency market is now experiencing \u201cupside momentum due to global cooling inflation trends which will improve the outlook for risk-on assets.\u201d<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">Wealthy individuals are not the only ones who have continued their crypto interest and holdings over the last year. Institutional investors, namely Wall Street giants are also forging ahead into the space.<\/span><\/p>\n\n\n\n<p><span data-ogsc=\"\">Nigel Green concludes: \u201cIf HNWs are continuing to express such huge interest in crypto, as market conditions steadily improve, they\u2019re going to be amongst the first to capitalise on the anticipated continued price rises of the major digital currencies.\u201d<\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>About deVere Group<\/strong><\/p>\n\n\n\n<p><span data-ogsc=\"\"><em data-ogsc=\"\">deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.&nbsp; It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/span><\/p>\n ","protected":false},"excerpt":{"rendered":"<p>High net worth (HNW) investors have not lost any confidence in cryptocurrencies, despite the dismal so-called crypto winter of 2022, &#8230; <a title=\"Millionaires Continue To Pile Into Crypto: Poll\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/millionaires-continue-to-pile-into-crypto-poll\/\" aria-label=\"More on Millionaires Continue To Pile Into Crypto: Poll\">Read more<\/a><\/p>\n","protected":false},"author":22153,"featured_media":2459950,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[667104],"tags":[659643,661079],"states":[],"acf":[],"modified_by":"koen.bongers","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2469196"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/22153"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2469196"}],"version-history":[{"count":2,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2469196\/revisions"}],"predecessor-version":[{"id":2475900,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2469196\/revisions\/2475900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2459950"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2469196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2469196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2469196"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2469196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}