DeVere Group: 35% of Wealthy People interested in Crypto

The financial consulting company DeVere Group recently published a report according to what 1 out of 3 wealthy individuals want to invest in cryptocurrencies
02 June 2018   497

This study was taken by 600 DeVere group customers from across the globe from countries like USA, Hong Kong, Australia, UAE, Germany, etc. DeVere has their own app which allows investors to buy and sell Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Monero (XMR) and Stellar Lumens (XLM). Recently Bitcoin Cash (BCH) and EOSIO (EOS) were added to the exchange.

According to Nigel Green, the founder and CEO of DeVere Group, the one thing that investors cannot do is ignore cryptocurrencies and this field has large potential and will grow exponentially in some next years.

This mainstream expansion is clearly evidenced by the fact that more than a third [35 per cent] of wealthy individuals around the world - who are already likely to be successful investors - are telling us that they already have exposure to crypto or that they will have by the end of this year. The survey’s findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies. I believe that there is no longer any doubt that cryptocurrencies in some form are the future of money. And, seemingly, this is a view increasingly shared by wealthy investors the world over.
Nigel Green
Founder, CEO, DeVere Group

The Founder of Pantera Capital Dan Morehead claims that it`s just the right time to buy Bitcoin. Bitcoin which achieved a high mark of about $20000 has decreased over 60% with a present price of $7637. Dan supposes this a bargain and certainly a good time to buy. He is very optimistic towards cryptocurrencies and affirms new high are yet to be reached.

It’s much cheaper to buy now and participate in the rally as it goes. Many institutions are essentially buying the rumor [of potential SEC regulations] and selling the fact. Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we’re hearing about come online, they’ll already have their positions.
Dan Morehead
Founder, Pantera Capital

Since May 23 Bitcoin has not traded above $7800 and would be a major to get through obstacle. According to Fundstrat Technician Robert Sluymer, the next key support would be $7000.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   269

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.