A survey conducted by Capgemini found that many of the wealthiest demonstrate between medium and high interest in cryptocurrencies as an investment and as a store of value. While the majority of wealth management firms have been ambivalent about providing information to their clients about investments in virtual currencies, more than two thirds of people close to 40 years of age and with a high net worth consider it valuable
55.9% want to invest in crypts
Capgemini, a leader in consulting, technology and outsourcing services based in France, published a report titled The World Wealth Report (WWR) 2018 - world wealth report - last Tuesday.
The document indicates that the wealth of high net worth individuals - defined as those with investable assets worth US $ 1 million or more, not including the main residence, collection items, consumables and durable goods - has exceeded For the first time the threshold of US $ 70 billion in 2017.
The survey, which collected responses from more than 2,600 HNWI (high net worth individuals) in 19 major wealth markets in North America, Latin America, Europe and Asia-Pacific, shows that millionaires' interest in investments in Cryptocurrencies have increased, although they continue to have reserves with respect to the asset that peaked at the beginning of January 2018.
The survey found that 29 percent of respondents have a high degree of interest, while 26.9 percent said they are "somewhat interested" in cryptocurrencies because of their potential for return as an investment and also as a reserve of value.
There is an inverse proportion between age and interest in virtual currencies, since 71.1 percent of HNWIs aged 40 or less attach great importance to receiving information from their wealth managers. On the other hand, only 13 percent of wealthy individuals, aged 60 or older, demonstrate the same interest rate.
Despite these findings, most wealth management companies seem to be still reluctant about the issue of crypto-investments, since only 34.6 percent of the people who were consulted in the study have received at some point information on the matter from their estate managers.
The report points to the absence of clear rules and an attitude of "wait and see" as the main causes of the barely incipient adoption of cryptocurrencies by the wealth management industry.
However, younger millionaires and their growing enthusiasm for cryptocurrencies and the entire ecosystem that surrounds them, may exert sufficient pressure to force equity managers to develop and offer analyzes of these digital assets in the coming months.
The investment advisory businesses do not seem to be "connecting" very well with their clients, according to the results obtained by Capgemini. The French research group calculates them at 70%, although approximately 56% of the millionaires do perceive a fluid communication with the administrators of their wealth.
Many wealth management firms have progressively included cryptocurrencies in their analysis, and the rating agency of financial institutions Weiss Ratings has been the first to apply a performance scale to the crypts, with grades ranging from "A" to " F".
The best rated digital assets include Ethereum and EOS, with "B", while the best known, Bitcoin, obtained a "C +".