News

Over 50% Of Wealthy Asian Investors Owned Cryptocurrency In Q1, 2022.

According to Accenture, 52% of affluent Asian investors currently own digital assets, with another 21% anticipated to join the club by the end of the year.

Over 50% Of Wealthy Asian Investors Owned Cryptocurrency In Q1, 2022.

Accenture, the multinational IT services company, issued a new survey assessing affluent Asian investors’ portfolios on digital assets, stating that the majority of them are willing to hold cryptocurrencies directly or indirectly. The poll included 3,200 participants from Hong Kong, India, Indonesia, Japan, and other countries, with investable assets ranging from $100,000 to $5 million.

Accenture reported that 52% of affluent Asian investors had digital assets as of Q1 2022, and that proportion might climb to 73%  by the end of the year in a study titled “Digital assets: Unclaimed territory in Asia.” Cryptocurrencies, tokenized assets, and crypto funds are among their holdings.

In particular, 72% of wealthy Singaporeans have invested in digital assets, with another 14% planning to do so in the near future. Singapore, like Thailand and India, has more than 80% of its investors showing a strong interest in digital assets.

With the recent rise of cryptocurrencies, Asian investors have allocated a portion of their portfolios to the emerging asset class. On average, wealthy investors would commit nearly 7% of their portfolio to cryptocurrency, making it the region’s fifth-largest asset class. According to Accenture’s analysis, it ranks just after equities, fixed income, cash, and real estate.

According to the report, helping customers exchange digital assets represents a $40 billion opportunity in revenue for wealth managers in Asia alone.

Source: Shutterstock

However, after surveying 550 wealth managers in the financial industry, the company discovered that two-thirds do not intend to offer crypto-related products to their clients. It came to the conclusion that the lack of expert financial guidance has led to investors seeking assistance through “unregulated forums” such as social media.

According to the survey, the three key issues preventing wealth managers from delving deeply into the industry are a lack of belief in digital assets, a wait-and-see approach, and the complex operational process required for establishing relevant services due to regulatory concerns.

It’s worth mentioning that more than 75% of clients surveyed said they’d like to have access to “advisory on digital asset investments” and trading help through wealth managers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

32 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.