Report: 76% of Wealthy Individuals in Asia Invest in Cryptocurrency

A new report from Aspen Digital reveals that 76% of Asian private wealth holders have already ventured into digital assets, with another 18% planning future investments. Interest in digital assets has significantly increased since the company’s 2022 survey, which found only 58% of respondents had explored this sector.

The survey included 80 family offices and high-net-worth individuals across Asia, managing assets ranging from $10 million to $500 million. Among those already invested in crypto, 70% have less than 5% of their portfolios allocated to digital assets, though some increased their exposure to over 10% in 2024.

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Blockchain technology, particularly decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN), is attracting the attention of many Asian investors. About 66% showed interest in DeFi, and 61% are exploring DePIN’s potential.

The report also highlights the optimism of wealthy individuals in Asia surrounding Bitcoin price, with 31% of respondents predicting its price could reach $100,000 by the end of 2024.

Additionally, the introduction of spot Bitcoin ETFs has fueled the growing interest in digital assets. Over half (53%) of respondents have gained exposure through ETFs or funds, echoing a global trend where crypto exposure among hedge funds increased from 29% in 2023 to 47% in 2024. Spot Bitcoin ETFs began trading in the U.S. in early 2024, while both Bitcoin and Ether ETFs launched in Hong Kong in April.