A recent report released by Hong Kong Digital Asset Management Company shows that more and more Asian private wealth management institutions are entering the cryptocurrency market. 76% of family offices and high-net-worth individuals said that they are already investing in cryptocurrency. This data compares The 58% mentioned in the 2022 report is obviously a significant increase.
What ethnic groups did Aspen Digital survey?
The report originates from Aspen Digital's survey of 80 family offices, high-income individuals (HNWI, net worth greater than or equal to US$1 million) and asset management companies in Asia starting in June 2024. Aspen Digital said, Higher returns are one of the motivations for wealthy people to invest in cryptocurrencies; 31% of respondents expect Bitcoin to rise to more than $100,000 before the end of this year.
Asia Investment Tools and Allocations
The survey results show that the investment tools used by wealthy people in Asia who have invested in cryptocurrency are also different. 57% of them trade spot through exchanges, 53% through funds or ETFs, and 42% through venture capital: in asset allocation In terms of investment, 70%, 14% and 16% of investors respectively stated that their investment portfolios were allocated 5%, 5~10% and more than 10% in cryptocurrency. Aspen Digital CEO Elliott Andrews pointed out that although the Bitcoin spot ETF was only launched this year, it is undergoing a period of rapid growth and has significantly enhanced the legitimacy of cryptocurrency assets.
Which sectors are Asia’s richest people optimistic about?
Up to 67% of respondents expressed interest in DeFi, followed by AI and DePIN sectors; in addition, 50% of respondents were interested in infrastructure, and 47% were interested in tokenized real-world assets (RWA).
"We believe that every asset class will eventually transition to the blockchain, which means that DeFi applications using blockchain technology have huge growth potential. The number of users currently using DeFi services is approximately 85 million, and we This number is expected to continue to grow.”
One interviewee pointed out that Solana’s meme currency transactions are quite convenient; another investment manager believed that the Liquid Restaking (LRT) mechanism was too complicated and was unwilling to get involved in this type of investment.
Cryptocurrency, GM!
Overall, the Aspen Digital report shows that the wealthy class in Asia is increasingly investing in digital assets and continues to be optimistic about the future of Bitcoin. Not only that, some investors are even researching blockchain applications. This series of signs shows that Blockchain is steadily moving towards mass adoption. As application scenarios gradually diversify, blockchain will no longer be just an investment tool, but is expected to be used as a practical application and further transform into one of the mainstream cultures.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
