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70% of Asians buy cryptocurrencies in one way or another

10:18 am, October 17, 2024

According to a report by Hong Kong-based asset management company Aspen Digital, 74% of family offices in Asia have already invested in digital assets, and another 18% are planning to do so in the future.

The previous time Aspen Digital conducted the survey was in 2022. Back then, 58% of respondents answered positively to the question about investing in cryptocurrencies. This shows that interest in digital assets in Asia continues to grow.

The new study involved 80 family investment firms and high net worth individuals across Asia. Most of them have assets in the range of $ 10 million to $ 500 million.

At the moment, the volume of investments in digital assets among private equity is not very high — 70% of respondents have invested less than 5% of their portfolio. However, some have reported an increase in the share of cryptocurrencies above 10% of their assets. About 53% of respondents use cryptocurrency ETFs and private funds for investments.

The most interesting area in the cryptocurrency industry for family offices is decentralized finance (DeFi). Interest in AI and infrastructure blockchain projects has also grown significantly.

Of course, the study is not perfect, as there were most likely no residents of villages and small towns in the Asian region among the respondents. However, the trend is obvious — Asians are deeply immersed in cryptocurrency investments.

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