An article on NewsBTC.com reported a poll by CapGemini that gauged the interest of high net worth individuals and their interest in cryptocurrency.
No surprise there was greater interest from millionaire’s who were 40 and under as compared to those 60 and over. 13% of those over 60 expressed an interest.
From the article:
The survey, which was based on responses from more than 2,600 HNWIs across 19 major wealth markets in North America, Latin America, Europe and Asia-Pacific, found that millionaires have grown their interest in cryptocurrencies but remain cautious regarding the asset that peaked in market capitalization in early January 2018.
The news was not all rosy as Bithumb the largest cryptocurrency exchange in Korea, has now been hacked three times in 12 months.
They posted the following:
[Notice for the suspension of all deposit and withdrawal service]
We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.— Bithumb (@BithumbOfficial) June 20, 2018
Of course when there is all this money at stake, hackers are going to keep going after exchanges like the Energizer bunny.
What about investing in domain names?
Easy money from Investing in domains is gone.
Rich people want easy money.
Since the peaks in Dec / Jan, crypto really isn’t that ‘easy’. Day traders can see daily gains if they’re fortunate, but the truly wealthy have better places to invest that see more reliable and consistent gains over time.
90% of that 55% will be separated with 90% of their cash.
Weeks ago following the BTC 10K rejection, Coinbase solvency grew concerning. Can Coinbase honor USD Wallets of their account holders? No fees to move back and forth between USD and BTC on GDAX, pick your scene of the crash.
Coinbase requires your checking account login credentials to link the USD Wallet. Once the link is verified, immediately change your bank login id/password.
The good news is within 4 Hours of Initiating a Coinbase USD Wallet Transfer to Bank, the funds arrived. Expecting to see an absurd exit fee, it was amazing that Coinbase gave me all my money back no charge.
That was May, subject to change.
Millionaires have time to take polls?
That’s just BS, advertising stunts on behalf of crypto-peddlers … pathetic …