The Rich are Getting Richer, But Still Don’t Get Cryptocurrency
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The Rich are Getting Richer, But Still Don’t Get Cryptocurrency

THELOGICALINDIAN - The Capgemini World Abundance Report 2024 has appear the affluent are accepting richer and appetite bigger admonition from their abundance managers on cryptocurrency investments

According to the report appear June 19, 2018, aerial net account individuals (HNWIs), with at atomic $1 actor to advance alfresco of their capital acreage investments, aren’t accepting abundant advice about cryptocurrency advance from their abundance managers. The Capgemini address states:

The abstracts advance that 29 percent of millionaires accept a aerial amount of absorption in affairs or captivation cryptocurrencies and a added 27 percent “sit on the fence” — giving a absolute of 56 percent that ability calmly be affected to advance in cryptocurrency. 44 percent, meanwhile, accept low absorption in cryptocurrencies. Yet, alone a third of Capgemini’s millionaires had accustomed advice from their abundance managers.

 

The abstracts could announce that abundance managers are still alert in suggesting cryptocurrency investments and products, or they could point to a abridgement of ability amidst advance advisors.

Around 56 percent of HNWIs say they are affiliated able-bodied with their abundance managers.

Capgemini is optimistic and concludes that it is authoritative ambiguity and “firm caution” that is preventing cryptocurrencies from acceptable a greater affection in the abundance administration industry:

As abundance administration firms are historically abreast in acceptable and institutional advance — they may charge to do their analysis apropos cryptocurrencies. When the predicted move of institutional investors into cryptocurrencies assuredly happens, abundance managers are acceptable to accept to accumulate up with ever-rising absorption from their HNWI clients.

Investment allotment for millionaires are aloft 20 percent in 2024 — for the additional year in a row, according to the address — consistent in aggregate abundance for all HNWIs of aloft $70 abundance for the aboriginal time. The absolute aggregate abundance of HNWIs for 2025 is predicted to hit $100 trillion.

In April 2018, Credit Suisse estimated that the worlds richest one percent now own over bisected of all all-around abundance — a amount that could move to the richest one percent appear owning a massive two-thirds of all-around abundance by 2030.

The affluent are acutely accepting richer and additionally added absorbed in cryptocurrencies — acceptation the massive $291 billion dollars already invested into cryptocurrencies could anon increase.

In February 2024, Kraken cryptocurrency barter CEO, Jesse Powell, predicted that the absolute bazaar assets for cryptocurrencies could hit $1 abundance dollars in 2024. Around the aforementioned time, the billionaire Winklevoss twins fabricated their anticipation of $5 abundance dollars.

What is your anticipation for the absolute bazaar assets for cryptocurrencies by the end of 2024?

Images address of Shutterstock, Bitcoinist archives.