Survey of Millionaires finds 73% own or want to invest in crypto

[Viscore]

This is an open market, we all are welcome here no matter what is the status of our life. These people are seeing Bitcoin as another form of investment where they are making money from it in the near future unlike those who are in the lower level. But it gonna be wrong if they will accumulate more Bitcoin this time as the price goes high but on the part of early buyers, they are the blessing who are helping the market price moving up.

That survey result isn't manipulated and we know that more people who can really afford to buy crypto have shown some interest. They aren't showy to the public and keep anonymous but certainly, they are doing this for quite long.

[cryptopediabd]

Its a huge hype & i m not surprise at all after seeing the price & the news. The price was increase bcs of grayscal & paypal hype announced. Thanks 4 sharing news but which millionaires buying this?

[AmoreJaz]

This is an open market, we all are welcome here no matter what is the status of our life. These people are seeing Bitcoin as another form of investment where they are making money from it in the near future unlike those who are in the lower level. But it gonna be wrong if they will accumulate more Bitcoin this time as the price goes high but on the part of early buyers, they are the blessing who are helping the market price moving up.

That survey result isn't manipulated and we know that more people who can really afford to buy crypto have shown some interest. They aren't showy to the public and keep anonymous but certainly, they are doing this for quite long.

i can say a lot of them are secretly stashing crypto way before this price surge in the market. of course, some are silent about their crypto holdings as the tax authorities may look into their additional wealth. also, crypto is a good way to "hide" your assets, that is if you believe about crypto investments particularly btc investments.

[ice098]

This is an open market, we all are welcome here no matter what is the status of our life. These people are seeing Bitcoin as another form of investment where they are making money from it in the near future unlike those who are in the lower level. But it gonna be wrong if they will accumulate more Bitcoin this time as the price goes high but on the part of early buyers, they are the blessing who are helping the market price moving up.

That survey result isn't manipulated and we know that more people who can really afford to buy crypto have shown some interest. They aren't showy to the public and keep anonymous but certainly, they are doing this for quite long.

And that's the good thing about bitcoin theres no classification of whoever were welcome to join here.its not exclusive for a rich people but to think that everyone who are willing to join the society, willing to learn new investment and have a courage to trade then he/she are welcome here. Lets be glad that despite of current global economic crisis we are facing right now it seems that bitcoin were not really affected by it.

[Smartprofit]

I think the 2021 bull run will be different from the 2017 bull run.  Housewives used to invest, now millionaires will invest.  In an even more distant future, only states and large corporations will become holders of bitcoins. 

More than 99 percent of all bitcoins will be mined in 2036.  I think that Bitcoin will become the world's reserve currency in 2030-2040.  Bitcoin will also become a protocol for virtual reality. 

The Internet is of great importance for business, communications, entertainment.  In the future, virtual reality will become even more important.  At the same time, the value of Bitcoin will also grow.  Bitcoin is a universal value.

[lovesmayfamilis]

The main thing is that these millionaires and billionaires have enough nerves not to sell bitcoins, as the head of SoftBank did.
https://markets.businessinsider.com/currencies/news/softbank-masayoshi-son-doesnt-understand-bitcoin-sold-stake-price-distraction-2020-11-1029822842

Many do not have the correct information about bitcoins, and today the news background works as coordinated MEDIA FOOD.
https://www.foxbusiness.com/markets/bitcoin-gold-safeguardin-american-wealth

As bitcoin grows, it will grow, and the main thing is not to lose your head, listen to several sources, draw your conclusions, and live as the saying goes, "Hope for the best, but prepare for the worst."

[Ridwan Fauzi]

But we should be careful with many companies who buy bitcoin because they will buy a lot of it, the market will be more volatile more than now. Bitcoin price movement will just depend on supply and demand or depend on someone who buys and sell bitcoin, if they make a decision to sell bitcoin we will see more dump that will happen. That is a bad thing for bitcoin, but we will have a good thing for bitcoin in the future.

There will be many people who will believe that bitcoin is safe because currently as we know there still many people who consider that bitcoin is not safe and they will lose their money in a few times. Also, mass adoption will come if many companies accept and have bitcoin, they will invest in bitcoin and also these things will attract more companies to join. I hope an adoption comes not only at a time when bitcoin prices are high, but they will also survive a big dump like three years ago.

[rodskee]

Yesterday bitcoin already reached $18,000 which is near to the last 2017 ATH. It shows how important bitcoin is  after 2017 ATH then suddenly crashed and  now coming back to catch up again or maybe even exceed its ATH. Bitcoin is really valuable and the demand on it keep on increasing. Some big companies are now adopting and allowing cryptocurrency buying and selling like Paypal and Square.  And now not only big companies but also millionaires want to buy and use cryptocurrencies. I think, nothing can stop the continued increase in adoption of bitcoin.

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022.

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.”

https://cointelegraph.com/news/survey-of-millionaires-finds-73-own-or-want-to-invest-in-crypto

But my concern is what is their motive in investing in crypto?

- Do they really wanted to put money because they trust crypto specially bitcoin?and believe that the future currency is crypto?

- Do they wanted to invest here because of Easy Money as what their friends trying to tell them,that they can Bag Money here in Simple way of Buying and selling quickly?

Its a huge hype & i m not surprise at all after seeing the price & the news. The price was increase bcs of grayscal & paypal hype announced. Thanks 4 sharing news but which millionaires buying this?

And the Mexican second richest Person in investing its 10% wealth into bitcoin things that may Lure other millionaire in the world.

[20kevin20]

I'm intrigued to find out whether those who answered "yes" will really end up purchasing cryptocurrencies or not. I have a lot of friends who've been wanting to purchase crypto for years, yet they have never owned a single satoshi.

I think the 2021 bull run will be different from the 2017 bull run.  Housewives used to invest, now millionaires will invest.  In an even more distant future, only states and large corporations will become holders of bitcoins. 

That sounds quite bad for a distant future, honestly. With millionaires and billionaires joining in, expect heavy price manipulation by the rich. The situation will get to a similar point where precious metals currently are today. If the wealthy don't want a bull run, it doesn't happen.

[CODE200]

Not a surprise, I think.
Rich people won't stop to invest on something which will give them profit and it happen that Bitcoin, especially at this moment, is really a profitable investment given how huge the price increase is. There's a momentum and I've also heard that many people are again interested with cryptos right now. Probably those who are calling this technology a scam, have holdings. If things would be quite consistent, there is indeed a possibility for the ATH to be broken and that's being anticipated.

[plvbob0070]

Not a surprise, I think.
Rich people won't stop to invest on something which will give them profit and it happen that Bitcoin, especially at this moment, is really a profitable investment given how huge the price increase is. There's a momentum and I've also heard that many people are again interested with cryptos right now. Probably those who are calling this technology a scam, have holdings. If things would be quite consistent, there is indeed a possibility for the ATH to be broken and that's being anticipated.

For sure a lot of rich people actually know about bitcoin but maybe some of them were just afraid to invest at first. But since bitcoin is now doing good and it's also increasing its popularity, they are now considering investing in bitcoin, which is nice. It's a good sign that not just billionaires and big companies but more people, in general, are now starting to recognize bitcoin and wanting to adopt or to invest in it. And for sure that this will continue in the next coming years.

[aesma]

But we should be careful with many companies who buy bitcoin because they will buy a lot of it, the market will be more volatile more than now. Bitcoin price movement will just depend on supply and demand or depend on someone who buys and sell bitcoin, if they make a decision to sell bitcoin we will see more dump that will happen. That is a bad thing for bitcoin, but we will have a good thing for bitcoin in the future.

I don't know. Currently some bitcoin whales are able to manipulate the price with large orders, companies wouldn't be able to do it that way, they'd need to announce things in advance, take care of not affecting the price...

[Shasha80]

Seeing the price of Bitcoin which continues to rise and more and more big companies are deciding to invest in Bitcoin,
It is very normal for more and more millionaires to want to buy Bitcoin too. But I am quite surprised by the results of
the survey which said 73% of millionaires don't want to be left behind when investing in Bitcoin, that's a pretty big
percentage in my opinion. This is really great news.

[Hamphser]

Not a surprise, I think.
Rich people won't stop to invest on something which will give them profit and it happen that Bitcoin, especially at this moment, is really a profitable investment given how huge the price increase is. There's a momentum and I've also heard that many people are again interested with cryptos right now. Probably those who are calling this technology a scam, have holdings. If things would be quite consistent, there is indeed a possibility for the ATH to be broken and that's being anticipated.

For sure a lot of rich people actually know about bitcoin but maybe some of them were just afraid to invest at first. But since bitcoin is now doing good and it's also increasing its popularity, they are now considering investing in bitcoin, which is nice. It's a good sign that not just billionaires and big companies but more people, in general, are now starting to recognize bitcoin and wanting to adopt or to invest in it. And for sure that this will continue in the next coming years.

You can divide those fellas on which group did they belong neither to those who do accept and willing to take the risk or does have that kind of business minded type then most of the time these
people will know about on whats new and whats trending in the market.

Theres no doubt that Bitcoin will really poke out interest not only into its Fomo'ed price but into its actual utility.Earning is just a bonus but sadly majority
is been seeing this as the main thing.

[wtfmidn]

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022.

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.”

https://cointelegraph.com/news/survey-of-millionaires-finds-73-own-or-want-to-invest-in-crypto

As much as I love and have invested into the concept of bitcoin/crypto, please pay no attention to this survey.

I mean, have you ever been approached by someone who wants to take a survey? How often are you likely to entertain them unless you have a strong positive or negative opinion about what they want to talk about? I mean, if a couple of mormons approach me asking to do a survey it's a case of "Sorry bro, I'm about to miss my bus". So yeah, the data doesn't include the masses who - unfortuantely to this date - don't give a shite about crypto. And if whoever took this survey are saying they are including all disinterested people within their survey, then they're definitely telling porkies.

[jostorres]

Saw the news earlier today. The rate at which they are getting into Bitcoin now is more than what it used to be before. This year has been totally different and most of the things that the community has been wishing for are what’s been happening, and I can’t wait to see more of it.

Although I have been seeing some people that they also want to Amazon to come into cryptocurrency, for me I don’t really think that’s necessary. And as for PayPal, there are some limits on how their buying and selling of Bitcoin works, you can’t send the Bitcoin you buy from them out to another wallet, maybe in future they will make some changes.

[aesma]

Surveys nowadays are done online. I don't know how they would target millionaires though, that's true.

Also something that has change (or rather, evolved) since 2017 is the money printing. Money printing is off the charts, so anything that promises to be a hedge against that has to interest rich people. Will that last, hard to say. Clearly for a time it was the stock market that benefited the most, Bitcoin is only catching up, if we look at the amount of money involved.

[BIN-BIN]

So many companies are beginning to buy into the idea of bitcoin as the universally accepted currency across platform and borders and it raising price is an indications that there wider acceptability of bitcoin and it going to break another record this time which may go above $20,000 before this year end which will beat the 2017 record.

[Walterhank]

The rise of bitcoin is real and yeah institutions are playing a big role in it. Gone are the days when people thought it was only a hoax or scam. But still, there are a lot of people who don't believe in it.