Daily Management Review

Forbes: Just 30% of billionaires invest in cryptocurrencies


06/09/2022


According to a recent survey by American Forbes, about 30% of the world's wealthiest people invest in cryptocurrencies directly or indirectly, which is higher than the number of investors who aren't billionaires. The survey was attended by 65 billionaires.



CryptoWallet.com
CryptoWallet.com
Around 18% of them said they had at least 1% of their wealth invested in cryptocurrencies, with the majority of these people doing so as a test. Eighty percent of billionaires who invested in cryptocurrencies claimed they put less than a tenth of their money into it, while 3.2 percent said they put more than half of their wealth into it.

Another 10% said they didn't invest directly in cryptocurrencies but backed cryptocurrency-related businesses.

Despite this, many billionaires avoid investing in cryptocurrencies, even as a test.

"I believe Bitcoin is too volatile to invest in," said Jim Thompson, a Hong Kong millionaire worth $1.3 billion. "I don't think cryptocurrencies will ever replace the dollar," stated Florida billionaire David Hoffman ($1.3 billion fortune). He also stated that strong opponents of Bitcoin, such as JPMorgan CEO Jamie Dimon and Berkshire Hathaway founder Warren Buffett, had a profound influence on him.

source: forbes.com