Another sign of the gradual adoption of Bitcoin (BTC)? A deVere Group survey shows that the vast majority of millionaires already own BTC or plan to invest soon. What further propel the price of the asset?
Millionaires are starting to take an interest in Bitcoin (BTC)
As reported by the Finbold media , 700 “ high net worth individuals” , or very wealthy people, were interviewed. That is, investors with more than 1 million British pounds (GBP) – around 1.2 million euros at the current price. These avid Bitcoin millionaires are not necessarily located in the UK, however, they come from a wide variety of regions.
73% of them said they already own bitcoin, or that they plan to buy it by 2022 . This is an increase from 2019, when 68% of them said they wanted to bet on Bitcoin.
Inflows of capital into Bitcoin
As the study explains, millionaires are turning to Bitcoin more and more as large institutions and companies become interested in the topic of cryptocurrencies. The arrival of PayPal and Square in the race has certainly precipitated the trend: it brings legitimacy to a sector that still sometimes suffers from a mixed reputation.
The CEO of deVere Group, Nigel Green, also believes that this is a basic calculation: Bitcoin continues to be among the best performing assets of the moment , with an increase of + 125% compared to the year last:
“This impressive performance is catching the attention of high net worth investors, who are slowly realizing that digital currencies are the future of money – they don’t want to hang on to the past. ”
It is certain that we see more and more millionaires taking an interest in Bitcoin. We learned yesterday that a large Mexican fortune had devoted 10% of its cash to BTC . This summer we also learned that 25% of institutional investors hold Bitcoin , which clearly shows this change in mentalities.
All this is therefore logically transcribed in the price of Bitcoin. In full “bull run” for a few weeks, it briefly crossed the threshold of 18,400 dollars yesterday, and is traded this morning against 17,800 dollars.