According to a new report by Capgemini, a French consulting multinational and IT services company, 71% of high net worth individuals (HNWIs) have invested in digital assets. The total number of polled individuals amounts to 2,973 people from all over the globe.
Capgemini defined a high net worth individual as a person possessing at least $1 million. 54% of the HNWIs possess less than $30 million, while the remaining 46% have more than that.
91% of respondents under the age of 40 invested in digital assets. The report states that cryptocurrencies are HNWIs favorite digital asset, followed by other “sought-after” digital assets, including metaverse investments and exchange-traded funds (ETFs).
14% of HNWI portfolios were used for “alternative investments”. Apart from crypto, this category also includes private equity, foreign currencies, hedge funds, and commodities. This is an increase since 2018, when 9% of the portfolios were allocated for alternative investments.
While the report was published only a few days ago, on Tuesday, some of the data is somewhat outdated. Namely, it is stated that the crypto market cap is greater than $2 trillion. According to CoinMarketApp, the last time there was an over $2 trillion market cap was on April 5. Currently, the number is closer to $900 billion.