Markets· ★★★· bullish·

CoinShares: Wealthy Investors Keep Buying Bitcoin Despite Adviser Warnings

  • —Survey covered 2,230 investors with portfolios over $500,000 in seven countries
  • —Crypto ownership ranged from 54% to 70% depending on the country
  • —85% plan to increase allocations, with an average portfolio share of about 10%
  • —Four in ten clients of financial advisers say their advisers are overly cautious on crypto
Why it matters: Rising bitcoin allocations among wealthy investors support demand outside ETFs and reinforce the debasement-trade narrative amid high rates.
Source: Siam Blockchain