Hong Kong and Singaporean Rich Are Turning To Crypto!

Global independent audit consulting firm KPMGhas prepared a new research report on the appearance of cryptocurrencies in society.

Big Four firm, “Investing in Digital Assets” He published the report he prepared under his name on his website. KPMG interviewed 30 family offices and high-income citizens in Hong Kong and Singapore to gather data for its research on crypto.

Most of the Rich Invest in Crypto

First to high-income people participating in KPMG’s research cryptocurrency He was asked whether he had made the investment. While 58% of the respondents stated that they have already invested in crypto, 8% stated that they do not intend to invest. 34% are highly interested in cryptocurrencies, but waiting for the right time to invest.

Yang He, CEO of Aspen Digital, said the following about the research:

“The number of institutional investors has increased significantly in the last 18 months. Digital asset investments in Asia are seen as a great opportunity. Crypto investment is very popular among the wealthy of the region.”

Rich people investing in cryptocurrencies were asked why they made this investment after the first question.

64% of respondents believe that cryptocurrencies “will be used more in the future” He invests because he thinks. If 35% of the sample “for complaining about the low return on traditional investment products” buys crypto. Only 7% see crypto as a hedge against inflation.

from East Asian countries Singaporeis referred to as a crypto paradise for many investors. Many regulations regarding cryptocurrencies have already been completed in the country. Most crypto exchanges and institutional investors hold some of their assets in the city-state.