A recent study from deVere Group found roughly four out of every five of their high-net-worth clients had asked their financial advisers about adding crypto to their portfolios.
A recent social opinion poll conducted by deVere Group, a fiscal and taxation consultancy, shows that while it has been a challenging year for encryption algorithms, 82 per cent of multimillionaire users considered investing in digital currencies such as BTC in 2022.
A survey released on January 30th found that in the past 12 months, eight out of every 10 high net worth (HNW) customers interviewed by the company-those with investable assets between $1.2 million and $6.1 million-sought advice from tax advisers on data encryption.
Nigel Green, CEO and founder of DeVere Group, said that while the interviewees were "generally conservative," he saw public interest in Bitcoin's core ideas, namely, "intelligence, economic globalization, cross-border, blockchain technology and tamper-proof."
Studies by the company in previous years have shown that wealthy investors are also increasingly interested in login passwords.
A study by DeVere in 2020 found that 73 per cent of the 700 high net worth individuals surveyed by the organization had or expected to invest in cryptocurrencies by the end of 2022, but the company's 2019 study found that 68 per cent of global high net worth individuals had already invested or planned to invest in cryptocurrencies by the end of 2022.
Green also noted that increased interest in providing password services to customers by traditional financial institutions such as Fidelity, BlackRock and JPMorgan would bode well for the sector.
A June report by PricewaterhouseCoopers found that about 1/3 of the 89 traditional derivatives surveyed by the group had already invested in digital currencies such as bitcoin.
The deVereCEO feels that with the change in the traditional financial system and the lifting of the freeze on the "login password winter" in 2022, the momentum of such interest may further increase.
"with inflation already peaking, fiscal policy becoming more and more beneficial, and various difficulties in data encryption, including a high-profile collapse, BTC will have a better January from 2013 to now, which is now a reality."
Green added: "the world's largest cryptocurrency has risen by more than 40 per cent since the beginning of this year, which is not ignored by HNW users and others who need to create value for the future."
In the past year, the rich are not the only ones who have increased the number of login passwords.
According to a report by JPMorgan on December 13th, about 13 per cent of the UK population-4300 or more than ten thousand people-had cryptocurrency at some point in their daily lives, up from about 3 per cent in 2020.