Emerging Asia’s wealthy big on cryptos despite concerns
Investment returns and store of value are key factors behind their interest, according to Capgemini's annual wealth report. But are wealth managers ready to aid them?
Undeterred by the volatility that saw Bitcoin lose two-thirds of its value from its December peak of nearly $20,000, Asian high-net-worth individuals (HNWIs) remain more optimistic than their global peers about the merits of cryptocurrencies, according to a newly released wealth report.
The World Wealth Report 2018 by Capgemini, released on June 19, revealed that among HNWIs in Asia ex-Japan, 51.6% were highly interested and 28.7% somewhat interested in holding or purchasing crypt…
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