When it comes to money, it appears that even the wealthiest among us still want more. According to a recently released survey result from Worldwealthreport.com, most of these high net worth individuals (HNWI) are now eyeing cryptocurrency as a potential investment option.

On June 19, 2018, Worldwealthreport.com released data that gives some insight about how the ultrawealthy view cryptocurrencies at the moment. And not surprisingly, most of them are now eyeing these digital assets as a possible means to grow their vast fortunes even more. In fact, only 44 percent of the wealthy are not really into cryptos right now.

That means that 56 percent or more than half of the worlds wealthiest have likely already expressed some interest in cryptocurrencies and how to make more money from them. The survey’s data further divide this group into two. Twenty-nine percent are highly interested in investing in cryptos, while 27 percent have a more conservative “sitting on the fence” approach.

Apparently, age is also a factor when it comes to how the wealthy view cryptocurrencies. For instance, 70 percent of the HNWIs aged 40 and below want their asset managers to provide them more information on cryptos. In contrast, only 13 percent of the over 60 group places any value on crypto reports by their fund managers.

While rich people might be interested in cryptocurrencies, it is their asset managers that can’t seem to keep up. Penetration remains low with only 34.6 percent of the respondents revealing that they have received any information about the digital assets from their asset managers. This is indeed understandable as the wealth management industry still remains cautious about how to view these new digital coins given their volatility.

More Than Half of the World’s Wealthiest Eyeing Cryptocurrency to Make Even More Money was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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