94% of Asian ‘rich’ are investing or considering cryptocurrency: Report

According to the latest report from Aspen Digital, 76% of private assets in Asia have already been invested in digital assets, while 18% of other investors plan to participate in the future. The interest in digital assets from private investors in the region has increased significantly compared to the previous survey in 2022, when only 58% of participants confirmed investing in this field. The report was based on a survey of 80 family and individual asset management companies with high net worth, mainly managing from $10 million to $500 million. Among those who have invested in cryptocurrencies, 70% allocate less than 5% of their investment portfolio to digital assets, but some investors have increased their allocation to over 10% expected by 2024. Private investors in Asia are increasingly attracted by the profit potential of blockchain technology applications. Two-thirds of the survey participants expressed interest in DeFi, while 61% showed interest in artificial intelligence and decentralized physical infrastructure networks (DePIN). The Aspen Digital survey also showed an optimistic sentiment about the outlook for Bitcoin, with around 31% of investors predicting that the Bitcoin price could reach $100,000 by the end of 2024. The approval of Bitcoin ETFs has driven the demand for digital assets among Asian investors. Specifically, 53% of those surveyed said they access this market through funds or ETFs. This trend reflects a global development, as shown in the AIMA and PwC report on cryptocurrency hedge funds. According to the report, the level of exposure to cryptocurrencies in nearly 100 hedge funds across 6 regions has increased from 29% in 2023 to 47% in 2024, thanks to clearer regulations and the launch of cryptocurrency ETFs in the US and Asia. Spot Bitcoin ETFs began trading in the US in January 2024, while spot Bitcoin ETFs and Ether ETFs were launched in Hong Kong in April of the same year. Join Telegram: https://t.me/tapchibitcoinvn Follow Twitter (X): https://twitter.com/tapchibtc_io Follow Tiktok: https://www.tiktok.com/@tapchibitcoin Itadori According to Cointelegraph