Asian private wealth managers are increasingly embracing cryptocurrencies, with 76% of family offices and high-net-worth individuals (HNWIs) already investing in digital assets.
A recent report by Aspen Digital highlights a surge in crypto adoption across Asia, driven by the region’s growing recognition of digital assets as a strategic investment. Among these investors, 31% expect Bitcoin to reach $100,000 by the end of the year.
The potential for high returns is a significant motivator for crypto investments in Asia, alongside diversification benefits. Wealth managers are diversifying portfolios by investing in decentralized finance (DeFi) and artificial intelligence (AI), with 67% and 61% of respondents showing interest, respectively.
Despite this interest, the majority still allocate less than 5% of their portfolios to digital assets, primarily due to regulatory uncertainty and fragmented market conditions
As spot-based Bitcoin exchange-traded funds (ETFs) gain traction in markets like Hong Kong, optimism about crypto continues to grow. Some wealth managers are preparing to increase their exposure, with investments in cryptocurrencies expected to rise above 10%.
The launch of institutional-grade custody solutions is also encouraging more involvement, providing a sense of security and regulatory compliance for future investments
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