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Survey of Millionaires showed 73% of bullish respondents

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Crypto Business World

CBW -External Analyst

INDIA

Nov, 27 2020

Nov, 27 2020

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According to a survey, almost three-quarters of millionaires either already owns or plans to buy crypto before the end of 2022.

The survey was organized by a financial advisory organization which disclosed that there is an increase in the bullish respondents towards cryptocurrencies from 68% in 2019 to 73% in 2020.


The individuals who participated in the survey had more than 1 million British pounds which are approximately equal to $ 1.32 million. These participants were chosen from a broad variety of provinces including the United Kingdom, Africa, United States, Asia, Australia, the Middle East, and Latin America.


The founder and CEO of DeVere Group, Nigel Green has noted that once again the bitcoin had been the best performing asset of this year with an increase of 125%.

The survey shows that the reason behind the outstanding performance is the attention of wealthy investors who very well understand the importance of digital currencies as they are the future of money.


In a recent conference, Chase’s Chairman, JP Morgan, and CEO Jamie Dimon said he believes in blockchain technology and properly regulated cryptocurrencies. In 2017, Dimon referred to bitcoin as fraud whereas JP Morgan has always embraced digital assets.


Ray Dalio, the fund manager at Billionaire is still not so sure about bitcoin, he has plenty of doubts about bitcoin. According to him, the price of the bitcoin falls down as a store of value, so it's risky to use it. Further, he can’t believe that now it is used by central banks, big institutional investors, and many multinational companies.


The revelation of a survey of millionaires happened on the same day when the bitcoin hit a new all-time high record of $ 336 billion and its price uplifted to above $ 18000 was about to reach $ 19,763 which is a high record of December 2017.


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Crypto Business World

CBW - External Analyst

INDIA

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