DeVere Group: two-thirds of millionaires to invest in crypto by 2022
DeVere Group, a leading financial advisory firm, took a global survey which involved millionaires (those with total assets worth at least $1 million).
According to the survey’s results, 68% of all millionaires would most likely have made investments in cryptocurrencies by the year 2022. This seems to be positive news for the crypto space.
DeVere Group Managing $10 Billion In Client Assets
DeVere is an independent financial consulting firm founded in the year 2002 by Nigel Green. This group has grown steadily since then and is now among the world’s most prominent financial consultancy firms. The DeVere Group reportedly has over $10 billion of assets under management (AUM) and they have more than 80,000 clients across the globe.
DeVere Group helps its clients in “creating, growing and safeguarding their wealth.” Each client will get a dedicated financial advisor who recommends the appropriate financial strategy that is in line with individual investors’ needs.
Global Survey
Devere Group conducted a global survey among its own clients from countries including the US, South Africa, UK, Japan, Qatar, Switzerland, Mexico, Hong Kong, among others. In total, there were 700 millionaires (those with a net worth of at least $1 million) who participated in the survey.
The survey was designed to determine if the millionaires would allocate a small percentage of their assets in cryptocurrency. According to the survey, two-thirds of the wealthy individuals are ready to invest in cryptocurrencies by the year 2022.
CEO Nigel Green Optimistic About Cryptocurrencies
The founder and CEO of DeVere Group, Nigel Green, is optimistic about cryptocurrencies and he said that the wealthy individuals are ready to allocate some percentage of their portfolio in cryptocurrencies. Green was quoted as saying:
“There is growing, universal acceptance that cryptocurrencies are the future of money, and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolio towards these digital assets.”
He added that crypto is equivalent to money and it has the potential to grow and impact the globally economy in a manner that is similar to how Amazon has transformed the retail industry.
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Crypto Insiderhttp://bit.ly/2FUbkJa May 4, 2019 at 03:35PM @BruceDayne, @kadhir Velavan