deVere Group Study Reveals High Net Worth Individuals Are Increasingly Embracing Crypto


A survey conducted by global financial consultancy deVere Group has revealed that more than 35% of HNWI ? High Net Worth Individuals have already made investments in virtual currencies or are planning to before the end of this year. More than 600 people were polled from various countries including France, Switzerland, South Africa, Germany, Spain, Hong Kong, Australia, United Arab Emirates, Qatar, the United Kingdom and the United States.

According to the chief executive officer of deVere Group, Nigel Green, the findings are a demonstration that it is becoming increasingly impossible for high net worth individuals to ignore the opportunities presented by virtual currencies. deVere Group expected public awareness on virtual currencies to continue growing and the technology that underpins them to continue improving. Per Green users of the cryptocurrency app of deVere Group are looking diversify and broaden their portfolio as the adoption of virtual currencies grows.

More cryptocurrencies

Mid last month the financial services organization added two more virtual currencies to its app after bending to public demand. The two virtual currencies are Monero (XMR) and Stellar Lumens (XLM). This increased the number of digital currencies that users of the crypto app of deVere Group could store, sell or buy to seven. The digital coins that were supported prior to the addition of Monero and Stellar Lumens were Dash (DASH), Ripple (XRP), Litecoin (LTC), Ethereum (ETH) and Bitcoin (BTC). When announcing the new additions Green noted that prior to be listed on the deVere Group app a painstaking analysis and evaluation was conducted by the cryptocurrency research department of the company.

App launch

Other digital currencies which have recently been added to the crypto app of deVere Group are EOS (EOS) and Bitcoin Cash (BCH). At the time of the launch of the app earlier in the year the only virtual currencies that were supported were Litecoin, Ethereum and Bitcoin. In a statement Green at the time predicted that the app would be downloaded 50,000 times in the course of this year. The app was made available for both Android and iOS devices from the start.

Disclaimer: Nothing in this article should be construed as financial advice in any way, nor as an encouragement to engage in cryptocurrency trading activity. This article was not sponsored by any entities or companies mentioned in the article. The only purpose of this article is to inform/educate on the topics discussed in the article.

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