Survey report: 94% of Asian private wealth has invested or considered investing in cryptocurrencies | It has become a trend for the rich to allocate digital assets——
Cointelegraph cited a recent report from Aspen Digital showing that Asian private wealth's interest in cryptocurrencies is growing significantly. The survey showed that 76% of Asian private wealth has already dabbled in digital assets, and another 18% plan to invest in the future, totaling up to 94%.
I personally think that the real rich people mainly invest in #BTC; the more money the rich bring in, the higher the rise of Bitcoin, and then the money will flow to other places;
The report surveyed 80 family offices and high-net-worth individuals in Asia, with most respondents managing assets between $10 million and $500 million. This is a significant increase from 2022, when only 58% of respondents were involved in digital assets. Two-thirds of respondents expressed interest in decentralized finance (DeFi), and 61% expressed concern about AI and DePIN. In addition, with the approval of spot Bitcoin ETFs in the United States and Hong Kong, 53% of respondents have gained cryptocurrency exposure through funds or ETFs.
In the future, more and more wealthy people will allocate digital assets. Compared with other global assets, the growth and security of digital assets will be better and better. There are several main reasons for allocating digital assets:
1) Diversified investment portfolio: Digital assets, such as cryptocurrencies (Bitcoin, Ethereum, etc.) and some NFTs (non-fungible tokens), provide an investment opportunity that is different from traditional financial markets. This helps to diversify risks because the price fluctuations of digital assets are often not synchronized with traditional assets such as stocks and bonds.
2) High potential returns: Although the digital asset market is very volatile, the potential rate of return can be significantly higher than traditional investments. People who invested in Bitcoin or other popular projects early on have witnessed returns of tens or even hundreds of times, which is an attraction that cannot be ignored for the rich.
3) Protecting privacy: Bitcoin and some other cryptocurrencies provide relatively anonymous transactions, which is an advantage for wealthy people who want to maintain privacy in certain investment activities, although anonymity is also being challenged as compliance increases.
4) Hedge against inflation: Cryptocurrencies, especially Bitcoin, are often seen as "digital gold." The wealthy may convert part of their assets into cryptocurrencies as a strategy to hedge against inflation because the supply of cryptocurrencies is limited, in contrast to the unlimited printing of fiat currencies.
5) Belief in technology and futurism: Many wealthy people are optimistic about blockchain technology and its application prospects. They invest in digital assets not only for economic returns, but also to support and promote new technologies that they believe will change the world.
6) Social and cultural capital: Owning or investing in digital assets may be seen as fashionable, avant-garde, or a ticket to enter a specific social network, especially in a specific social circle. This is not only an economic consideration, but also a symbol of social status.
7) Tax Avoidance and International Transfer: While the legality and ethics may vary, digital assets can be used to avoid taxes or transfer assets across borders in some cases because they are not subject to strict international regulation like traditional assets.
8) Innovation and Opportunities: The digital asset market provides opportunities to participate in start-up projects, DeFi (decentralized finance), NFT and other fields. These fields are in rapid development and provide not only investment opportunities, but also opportunities to participate in or lead emerging markets.
