A research study conducted by deVere Group, a leading independent international financial consultancy providing expert advice to expatriate clients and investors around the globe, found that six out of 10 people with currently no exposure to cryptocurrencies would consider including cryptocurrencies like Bitcoin into their investment portfolios.The survey is based on the answers of over 800 respondents who are deVere Group clients and reside in the U.S, the UK, Australia, the UAE, Qatar, Switzerland, Hong Kong, Spain, France, Germany and South Africa.
The poll also found that seven out of 10 people who do hold cryptocurrencies are planning to increase their exposure in the next 12 months.
When responding to “Would you consider, or are you considering, including at least one cryptocurrency into your investment portfolio?”:
– 62 percent of those who do not have any cryptocurrency said ‘yes’, 26 percent ‘no’, and 12 percent ‘do not know’;
– 71 percent of investors who do currently have cryptocurrencies as part of their portfolio said that they are looking to increase this exposure over the next year, 25 percent said that they would not, and 4 percent cited that they did not know.
Nigel Green, Founder and Chief Executive Officer of deVere Group, said: “The fact that more than 60 percent of people with currently no exposure to cryptocurrencies would consider including them into their investment portfolios is striking. It underscores how, despite what many financial traditionalists have opined, that a majority of investors are now open to consider the opportunities that the likes of Bitcoin, Ethereum and Ripple could present.
“An increasing general awareness of cryptocurrencies and how they work, plus a growing sense that cryptocurrency regulation is now inevitable, are perhaps the main reasons why such a high percentage of people are now open to looking at the possibilities of crypto for their portfolios. The survey also highlights that the majority of those who do currently hold some cryptocurrency as part of their investment portfolio believe that despite ongoing volatility, the potential rewards will outweigh the potential risks”, Nigel Green added.
deVere Group concluded that these investors expect good returns in 2018 from cryptocurrencies, which they view as a longer-term investment.
Nigel Green continued: “Cryptocurrencies remain a gamble – they are very much ‘unchartered waters’ assets and caution must be exercised. However, that said, I do believe that in today’s digital world, there is a need for digital currencies. One or two of the existing ones will succeed, whether it’s Bitcoin, Ethereum, Ripple, Litecoin, Dash, or any of the others, or not, of course, remains to be seen.”
