Why Young Millionaires Interested in Investing in Crypto currencies?
In World Wealth Report 2018, consulting firm Capgemini identified a marked growth of interest in crypto currencies among rich investors, Coin telegraph auf Deutsch reported, June 18.
For the report, Cap Gemini interviewed High-net-worth individuals (HNWI) and asset managers around the world about their interest in crypto currencies.
The report notes regional differences in millionaires’ views on crypto investments. While interest in Europe, North America, and Japan is relatively modest, 60 percent of HNWIs from South America show a high level of interest.
What about client interest?
Increased client interest in crypto currencies has driven some firms in the financial sector to take a friendlier stance toward digital assets,as crypto has grown more popular. In 2014, the investment bank said Bitcoin was not a currency and was too risky for investors while in May of this year, the firm announced that they would explore trading crypto currencies due to increased client interest.