Nicholas Holt, Knight Frank's head of research for Asia Pacific, commented "we asked about their understanding of blockchain and there's still a huge amount of misunderstanding about blockchain," he continued "although people are getting on the train about investing in cryptocurrencies, perhaps there's not a full understanding of what this could mean to their wealth portfolio,"
This does seem like a growth area and to many just a trend or even a FAD. The report still maintained what's normal for the super wealthy that a large part of their wealth is situated in stocks and property, a bread and butter of any investment portfolio.
The report continued to summarise the crypto market nicely stating:
The rich want bigger, faster and risky exposure to make a greater gain. This all comes after several weeks ago an anonymous trader purchased $400 million worth of Bitcoin.
In conjunction, a second wealth report by financial consulting firm, deVere Group showed that 35 percent of their high worth individual surveyed have or will have some sort of exposure to cryptocurrency. Clearly, sophisticated and seasoned investors cannot ignore the investment opportunity and the potential of cryptocurrency in the future financial world.
deVere Crypto, the company's app and digital exchange platform, delivered this information from its latest international cryptocurrency survey. More than 600 deVere clients from the U.S.A, UK, Australia, the UAE, Qatar, Hong Kong, Western Europe and South Africa provided responses for the cryptocurrency poll.
The information came in conjunction as deVere Crypto added two new coins for customers to buy on its app; Bitcoin Cash (BCH) cash and EOS (EOS).
Related Links:
Drivers Of Crypto Disruption: Will Public Or Private Blockchains Lead The Way Forward?
Today In Cryptocurrency: SEC Says Ether Isn't A Security, Steve Bannon A Bitcoin Bull
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