High Net Worth Americans Increasingly Invest in Cryptocurrency, Survey Reveals
According to PANews, a recent survey conducted by Grayscale Investments and Harris Poll indicates that 26% of American high net worth individuals, defined as those with over $1 million in investable assets, hold cryptocurrency. This figure surpasses the national average of 20%. Furthermore, 38% of these affluent investors anticipate incorporating crypto assets into their future portfolios, with 53% of those under 50 years old and 22% of those over 50 expressing this expectation.The survey highlights that high net worth investors are increasingly influenced by factors such as the approval of spot Bitcoin ETFs, inflation, and geopolitical events, leading to heightened interest in the crypto market. Notably, 36% of these investors are closely monitoring Bitcoin. Additionally, 42% of high net worth individuals have acquired crypto assets based on recommendations from financial advisors, significantly higher than the 27% of average investors who have done the same.Moreover, the survey reveals that 43% of investors over 50 and 48% of those under 50 are waiting for clearer regulatory policies before further engaging in the crypto market.