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Millionaires are turning to crypto

Millionaires are turning to crypto

The turbulence of the crypto market in 2022 is not stopping the richest. According to a study, millionaires still believe in the future of cryptocurrencies and for proof, they continue to invest in Bitcoin (BTC).


Mis à jour le 01/31/2023 à 17:39

bitcoin investment

The rich turn to cryptocurrencies

According to a recent survey conducted by financial advisory firm deVere Group, 82% of millionaire clients expressed interest in digital assets like Bitcoin (BTC).

Results released on Jan. 30 indicate that 8 out of 10 high-net-worth (HNW) clients surveyed by the company have consulted financial advisors for information on crypto in the past year. This trend shows that high-net-worth clients remain interested in investing in cryptocurrency despite the challenges of 2022.

According to the statements of the CEO and founder of deVere Group, Nigel Green, millionaires are increasingly interested in cryptocurrency investments. For him, this interest simply stems from Bitcoin’s core values, such as :

  • digitalization,
  • globalization,
  • decentralization,
  • inviolability.

The world’s largest cryptocurrency is up more than 40% year-to-date, and that won’t go unnoticed by HNW clients and others looking to create wealth for the future

Nigel Green, CEO and founder of deVere Group

Previous deVere studies have shown a trend of growing interest in crypto investments among wealthy clients. A 2020 study found that 73% of 700 high net worth individuals surveyed already owned or were looking to invest in crypto-currencies by the end of 2022. Similarly, a 2019 study found that 68% of the world’s high net worth individuals were already invested or planning to invest in crypto by the end of 2022.

Cryptocurrencies are gaining popularity with a growing audience, ranging from wealthy investors to everyday consumers. According to a report by JPMorgan Chase, about 13% of the U.S. population, or 43 million people, held a cryptocurrency at some point in their lives, a significant increase from 3% in 2020.

The increase in interest in cryptos can be explained by the rise in awareness of cryptocurrency investing, as well as the ease of access to these digital assets.

Nevertheless it is important to be careful when investing in cryptocurrencies. They can be very volatile and there is no guarantee of return on investment. Be sure to do thorough research on the crypto-currency you wish to invest in, including its price history and performance, and only invest what you can afford to lose.

⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.



Léa is part of the InvestX team which supports members in their training. She is also a crypto enthusiast who follows the market closely. For the site, she writes articles to help readers decipher the news and what happens day after day in the world of blockchains.

Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.


Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.

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