The interest of wealthy investors in cryptocurrency continues to grow. 73% of them say they own or invest in these assets by 2022. This is 5 points more than in 2019.
Forget about worthless paper money to invest in Bitcoin. This is the message that Ricardo Salinas Pliego, a wealthy head of the media industry, delivered this week. He declares that he holds 10% of his liquidity portfolio in the form of Bitcoin.
Without this wealth, other investors also choose cryptocurrencies or consider it, among other things, as an investment. This is one of the conclusions of the study carried out by the deVere Group.
Bitcoin is again one of the most powerful assets
According to the financial advisory firm, around 73% of those surveyed already own or plan to invest in cryptocurrency before the end of 2022. And the respondents are not just any investors.
The survey focuses on high net worth (HNWs), which are people with at least one million pounds (or $ 1.32 million) in net worth to invest. These wealthy investors are therefore ready to invest part of their portfolio in crypto assets.
In addition, this proportion grows significantly over a year. A year earlier, the same study measured this interest in cryptocurrencies in 68% of respondents. An increase of 5 points within one year appears clearly significant.
This result should also be compared with those of the Grayscale study « Bitcoin Investor ». In 2020, more than half (55%) of American investors showed interest in Bitcoin products (up from 36% in 2019).
Institutional investors are driving up cryptocurrency prices
Bitcoin alone does not represent the entire crypto asset market. However, his performances this year definitely help to get attention and interest. With 125% growth in 2020, Bitcoin is once again establishing itself as one of the assets with the best returns.
« As the survey shows, this impressive achievement is attracting the attention of high net worth investors who increasingly understand that digital currencies are the future of money and that they don’t want to descend into the past, » commented DeVere CEO Nigel Green.
The financier also states that the big banks on Wall Street are also sensitive to Bitcoin’s returns. And the adoption of cryptocurrencies by multinational companies like PayPal and Square is contributing to those results.
« There is no doubt that many of these HNWs surveyed have determined that one of the main drivers of the price increase is the growing interest of institutional investors who are benefiting from the high returns of the digital asset class, » said Nigel Grün.
What are the cryptocurrencies of the future?
Cryptocurrency: 7 virtual currencies will follow in 2021
- Bitcoin: the benchmark cryptocurrency. …
- Ethereum: the most widely used bitcoin and crypto challenger. …
- Binance Coin: The crypto that invites you to join the big leagues. …
- Ripple: much more than a crypto, a passport for decentralized finance.
What are the best cryptocurrencies?
What are the best cryptocurrencies of the year?
- Bitcoin – cryptocurrency No. 1. …
- Ethereum – cryptocurrency No. 2. …
- Ripple – Cryptocurrency No. 3. …
- Bitcoin Cash – cryptocurrency No. 4. …
- Litecoin – cryptocurrency No. 5. …
- Cardano – cryptocurrency no.6 …
- NEO – cryptocurrency no.7 …
- 1- Go to the Alvexo online trading platform:
How do I choose my cryptocurrency?
In which cryptocurrencies should be invested?
- The right reflexes for investing in cryptocurrencies.
- Know your investor profile.
- Give Bitcoin and Ethereum their place.
- Take a keen interest in the asset’s value proposition.
- Understand the underlying technology.
What is the future of bitcoin?
JP Morgan believes the price of Bitcoin could hit $ 146,000 in the long run. Bitcoin ended the year with a record 300% increase over 2020.
Which crypto for 2021?
|Surname, surname||Market capitalization||Number in circulation|
|Ethereum (ETH)||+ 134 billion euros||114 M.|
|Ripple (XRP)||+ 10.3 billion euros||45.4 billion|
|Bitcoin Cash (BCH)||more than 6.9 billion euros||18.6 M.|
|Tether (USDT)||more than 50.5 billion euros||24 billion|
Which cryptocurrency to buy in 2020?
What are the 3 most promising cryptocurrencies? In our opinion, the most promising cryptocurrencies for 2020 and the coming years are the Tezos (XTZ), the Stellar Lumens (XLM) and the ChainLink (LINK), whose prices have risen sharply in recent months.
Which cryptocurrency will explode?
|Cryptocurrency||Price ($)||Variation over the year|
|Bitcoin (BTC)||7.539||+ 96.16%|
|Ethereum (ETH)||132.9||– 5.62%|
|Ripple (XRP)||0.19||– 46.39%|
|Litecoin (LTC)||42.3||+ 32.29%|
What is the most profitable cryptocurrency?
Despite its great volatility, Bitcoin remains an essential asset in the cryptocurrency world as we know, in the end, that its trend is growing forever. 2. The Binance Coin or BNB: The Binance Coin was born from the Binance platform.
How does the value of a cryptocurrency increase?
The number of people using the currency that trust leads to more or fewer people using the currency, which of course also adds to the value of the asset. What defines the value of a cryptocurrency is therefore also its popularity.
Which currency should I buy right now?
The Best Currency Pairs – The Major:
- EURUSD (Euro – US Dollar)
- USDJPY (US dollar – Japanese yen)
- GBPUSD (British Pound – US Dollar)
- AUDUSD (Australian dollar – US dollar)
- USDCHF (US dollars – Swiss francs)
- USDCAD (US dollar – Canadian dollar)
How does Bitcoin gain value?
Bitcoin, a volatile asset As with these other assets, the value of Bitcoin is determined by supply and demand in marketplaces. Economic operators always start offers to buy and sell at a price that they set based on their own analysis.
How Can You Make Money With Cryptocurrency?
Here are five ways you can make money with cryptocurrency from the comfort of your home.
- # 1 hodling. …
- # 2 Cryptocurrency staking. …
- # 3 master node. …
- # 4 Crypto cashback. …
- # 5 Daily trading. …
How can you make money with Binance?
All you have to do is register and deposit or buy the cryptocurrencies that Binance accepts as loans. Every month Binance pays you your interest on your borrowed cryptocurrencies and guarantees passive income every month! A simple solution to make money with your cryptocurrencies.
How do I earn 1 bitcoin per day?
List of Free Websites You Can Earn Bitcoin From
- BitVisitor: This website is where you can earn the most bitcoin. …
- FreeBitcoin: You can play every hour and up to 1 BTC / hour!
- BTC Clicks: You Get Bitcoin To View Websites!
How can you make money with Coinbase?
The first step is to create a Coinbase account. This is the exchange through which you buy your bitcoin and then deposit the money, which is the form of bitcoin, into your Davor account. Again, once you invest $ 100 or more, you’ll earn $ 10 free in Bitcoin.