With more than $10 billion in assets under advice, DeVere group has more than 80,000 clients located in more than 100 countries. As per the report, more than two-thirds of global individuals whose assets’ value is equivalent or greater than 1 million British pounds (GBP) or $1.3 million, will be invested in cryptocurrencies such as bitcoin (BTC), ether (ETH), and ripple (XRP).

The survey included more than 700 deVere clients as respondents, hailing from major global countries such as the United States, the United Kingdom, Australia, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany, and South Africa and the United Arab Emirates.

Nigel Green, DeVere founder, and CEO outlines the five major factors that purportedly drive global high-net-worth individuals towards cryptocurrency. The first being that cryptocurrencies are borderless, enabling the asset to be available everywhere all over the globe.

The other factors include crypto’s ability to suit the general global trend of increasing digitalization, the acceptance by the younger generation, the capability of crypto to provide solutions for real-life issues such as international remittances and providing services for the world’s assessed two billion person unbanked population, and the active involvement by institutional investors.

Notably, Green excluded the Fear Of Missing Out, i.e FOMO. He further notes that once confidence is in place, “the sky is the limit for cryptocurrencies,” concluding that the new poll demonstrated a justified international surge in crypto-optimism. The survey has come amid the recent major bull market move, with bitcoin breaking the $5,800 threshold for the first time in 2019.

In a similar context,  the U.S.-based asset management firm Fidelity Investments released a new survey yesterday inferring that 22% of institutional investors already own digital assets.