One in Seven Wealthy People Now Owns ‘Digital Assets’ – Survey

cryptonews.com:

A new report has found that global high-rollers are spending more money than ever on crypto, which has become “an essential part” of rich individuals’ investment portfolios.

The claim was made in a wealth management study from Capgemini, a Paris, France-based IT services and consulting company. The firm stated that the number of High Net Worth Individuals (HNWIs) grew by 7.8% in 2021, with 1.7 million individuals around the world joining the category. 

“Wealth,” the firm added, “swelled by 8%” to the tune of USD 6.4 trillion last year.

As part of its research, Capgemini explained that it had spoken to “2,973 HNWIs across 24 major wealth markets in North America, Latin America, Europe, and Asia-Pacific” about their investment behavior and their level of “preference for emerging asset classes such as digital assets.”

The company concluded that “digital asset investments” were “becoming an essential part of HNWI portfolios” – and noted that 71% of respondents said they had already bought “digital assets.”

For HNWIs aged under 40, however, the number was 91%.

“Furthermore,” the report’s authors added, younger HNWIs said that “cryptocurrencies are their favorite digital asset investment.”

The same group stated that exchange-traded funds (ETFs) and metaverse-related investments were also of interest.

The French company noted that the popularity of crypto and blockchain technology-related assets would likely pique the attention of wealth management firms, explaining:

“As the adoption of digital assets (cryptocurrencies, ETFs, NFTs, metaverse-related products, and digital currencies) grows, [wealth management] firms will need capabilities around products and education. In addition, ecosystem partnerships will be necessary to create a