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   1252

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.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.