Barcelona DC

Main Menu

  • Home
  • Mediterranean
  • Fira de Barcelona
  • Catalonia
  • Global Wealth
  • Saving Investment

Barcelona DC

Header Banner

Barcelona DC

  • Home
  • Mediterranean
  • Fira de Barcelona
  • Catalonia
  • Global Wealth
  • Saving Investment
Global Wealth
Home›Global Wealth›Wealthy Investors in Asia-Pacific Are Not That Interested in Cryptocurrencies

Wealthy Investors in Asia-Pacific Are Not That Interested in Cryptocurrencies

By Clint Kennedy
July 29, 2022
0
0
Cryptocurrencies represent less than 1% of the investment portfolio of high net worth individuals (HNW) in Asia-Pacific, despite considerable holdings of alternative assets.

New figures from the data and analytics company GlobalData found that alternative investments make up 12% of the average HNW APAC investor’s portfolio, but after interest in crypto peaked in 2020, they unloaded it last year, so it only represents than 0.7% of their assets.

Government repression in countries like China is believed to be one of the main reasons why HNWs abandoned crypto.

GlobalData conducted the “Global Wealth Managers Survey Q2 2021” with 360 wealth management executives in 19 countries to gather their insights. His HNW Asset Allocation Analysispublished last month, revealed that the HNW investor segment in Asia-Pacific allocates a significant share of investments to high-growth alternative investment products such as art and collectibles, private equity and cryptocurrencies.

APAC HNW investors gradually started including cryptocurrencies in their portfolio before the Covid-19 pandemic. However, the share of cryptocurrencies increased in 2020 as the value of other asset classes declined.

Siddharth Agarwal, director of Financial services at GlobalData, said that despite bitcoin’s worth over 60% last year, it’s still 20 times higher than the price at the start of 2017.

“As a result, bitcoin and other cryptocurrencies have become one of the popular alternative investment assets for modern high-risk investors in recent years,” he said.

“However, the share of cryptocurrencies in the portfolio composition of high net worth individuals in Asia-Pacific has declined in 2021, with regulatory restrictions in some Asian countries significantly affecting its desirability as an investment vehicle.”

Source: Global Data

Agarwal said China effectively banned all cryptocurrency transactions in September 2021, and its gradual ban, likely started in 2019, has stifled both a key source of demand for many currencies and a major hub. mining to mint new coins.

An outright ban on transactions in all forms of crypto in China in 2022 has clearly impacted HNW’s investment portfolio, with a noticeable decline in the overall share devoted to cryptocurrencies, while current changes economic pressures such as inflation are likely to pay off against additional spending. interest,

“In addition, the recovery in stock prices and optimism in the first half of 2021 also played a role. Rising stock prices increased the share of stocks in the HNW portfolio, already its largest component,” he said. -he declares.

“GlobalData predicts that wealthy investors in Asia-Pacific will stock up on alternatives in 2022 to counter the impact of rising inflation. However, the share of cryptocurrencies is unlikely to return to 2020 levels.”

Related posts:

  1. International fintech management on the horizon for Canada
  2. Institutional buyers put danger again on the desk – report
  3. RPT-GRAPHIC-5 Market Tendencies Buyers Focus On For Q2
  4. Girls ought to discuss cash and never be ashamed

Recent Posts

  • Savills revises its five-year forecast for house price growth in prime markets
  • Bartolo, the Mediterranean must once again become a sea of ​​life – General News
  • PSG set to hijack the signing of Bernardo Silva from FC Barcelona
  • HSBC’s choice of Asian strategy in the spotlight
  • Shawarma Press® continues expansion in Texas with the opening of its sixth location in Frisco

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • July 2018
  • April 2018
  • December 2017
  • September 2017
  • May 2016
  • February 2014

Categories

  • Catalonia
  • Fira de Barcelona
  • Global Wealth
  • Mediterranean
  • Saving Investment
  • Privacy Policy
  • Terms and Conditions