Survey of millionaires finds 73% own or want to invest in crypto

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022. A survey of more than 700 high net worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents either already own or are looking to invest in cryptocurrencies before the end of 2022. Conducted by financial advisory organization deVere Group, the survey revealed that 73% of respondents are bullish towards cryptocurrencies, an increase from 68% in 2019.

Central Banks’ Renewed Gold Hunger Shows Need For A Hedge

A new survey suggested that central banks may be on the hunt for a hedge – a search that may lead some directly to digital gold, bitcoin (BTC), albeit via the central banking sector’s default asset of choice: gold. In a new report focusing on the status of gold reserves in central banks conducted by Central Banker, 26 respondents, mainly from Europe and the

More than half of US investors keen on buying Bitcoin: Grayscale survey

Digital currency Asset Manager Grayscale Investments' latest ‘Bitcoin Investor Study’ found in its survey that more than half (55%) of its US-based respondents are interested in investing in bitco The post More than half of US investors keen on buying Bitcoin: Grayscale survey appeared first on AMBCrypto.

Coronavirus Crisis Driving US Investors to Bitcoin, Survey Finds

The coronavirus pandemic appears to have had more of an effect on the American bitcoin (BTC)-buying community than first thought, per a new survey. According to a Grayscale-commissioned online survey of 1,000 USA-based general investors aged between 25 and 64 and conducted between June 26 and July 12 this year, 63% of respondents who “had invested in bitcoin within the

Ripple: 99% of Respondents Would Consider Using Digital Assets to Process Cross-Border Payments

Ripple’s third annual Blockchain in Payments report identified that blockchain adoption is key to successful growth strategies for financial institutions.

UK FCA crypto derivatives ban ignored 97% of consultation respondents

The UK’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data. Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement. The 527 respondents included exchanges and companies involved in crypto assets and derivatives, trade bodies, national competent authorities, legal representatives and individuals. The 97% who opposed the FCA proposed ban argued that crypto assets do have intrinsic value, retail investors are capable of assessing this value, and that other measures could achieve the desired results without applying a “disproportionate” ban. In his blog, Attack of the 50 Foot Blockchain, crypto-sceptic David Gerard suggested that this was an example of “Crypto derivatives peddlers [thinking] they could spam the process, and they were wrong.” Certainly, the responses came from a “range of stakeholders” covering the UK crypto industry.

Governments, Financial Institutions See Crypto As A Tool For Financial Inclusion

Although still seen mostly as a tool for investment and speculation, crypto is likely to become an effective tool for financial inclusion in about five years from now, the majority of respondents in a new survey said. The survey - produced by organizations dedicated to tackling financial crimes, Association of Certified Anti-Money Laundering Specialists (ACAMS) and the

Americans don’t want to give up their paper money, but they should

Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions. The recent health scare surrounding the COVID-19 outbreak seems to have accelerated the move toward a cashless society, with cashless payment spiking in concert with viral cases. Yet, our findings in a Genesis Mining study called “Perceptions and Understanding of Money 2020” indicate that a significant majority of Americans are not psyched about parting with their paper money on a permanent basis. To be more specific, we found that 60% of respondents are opposed to the idea of paper money being replaced with “digital-only money.” This could be a “devil-you-know” versus a “devil-you-don’t-know” situation where familiarity with paper money is the driving force behind the wariness of giving it up.

Price analysis 9/23: BTC, ETH, XRP, BCH, DOT, BNB, CRO, LTC, LINK, BSV

Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon. According to survey data from crypto asset insurance firm, Evertas, institutional investors believe that clearer regulations and better infrastructure in terms of trading, reporting, and custodial services will increase their participation in the crypto market. About a quarter of the respondents expect that pension funds, sovereign wealth funds, insurance companies, and family offices will also become more involved with digital assets.

Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies

New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings.