68% investors to get on crypto bandwagon by 2020, global figure

68 percent investors into crypto

Crypto technology adoption is on the rise more than ever now. Almost sixty-eight percent (68%) of the Millionaires worldwide are planning to invest or have already invested in crypto by the year 2022.

DeVere group is a financial consultancy that has over a million clients in hundred counties. DeVere group conducted the survey that revealed the aforementioned results.

This survey reveals that almost half of the world’s millionaires have realized the true potential of this technology and hope to invest in major coins like Bitcoin, Ethereum and XRP. More than seven hundred (700) people from countries like the United States, the UK, Australia, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany and South Africa and the United Arab Emirates filled out the survey

The founder and CEO of DeVere gave a statement regarding the situation stating why he thinks that these millionaires are interested in crypto. He said that these people do not have the herd behavior mentality and lack a fear of missing out.

Asides from this he says that the fact that crypto is borderless is the main reason as to why the technology tweaks their interest.

Some other reasons include, that crypto promotes digitalization of conventional systems, it solves issues like international transactions and makes transacting money without a bank easier. The fact that the new generation prefers this technology is also a major boost for its reputation.

The founder and CEO of DeVere further stated that once the masses have trusted the technology completely and have seen its potential first hand, cryptocurrency adoption will surge to new heights. This survey also reveals that most influential people have high optimism for the success of this technology.

As of now, the crypto market is going through an upward trend with bitcoin trading at five thousand and eight hundred dollars ($5,800) for the very first time this year.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Line announces new update on its crypto exchange plans
Texas recognizes the value of  Bitcoin
Dogecoin price analysis: DOGE/USD dips and sets new support around $0.090
KEY3.id Launches Bored Ape Domain .bayc, the First Digital Identity Bound to Blue Chip NFTs
Bitcoin price analysis: Bearish signs for BTC/USD are on the horizon as it stagnates at $16,100

Follow Us

Industry News

Line announces new update on its crypto exchange plans
How is the crypto market cap calculated?
Is Nigeria about to ban crypto?
Twitter 2.0 to incorporate crypto payments? Elon shares the latest upgrades
Weekly crypto price analysis 26th Nov: BTC, ETH, XRP, BNB, ADA, DOGE

Add Your Heading Text Here