Report: 94% of Asian private wealth has invested in or is considering investing in cryptocurrency

According to ChainCatcher news and a report by Cointelegraph, Aspen Digital's latest report shows that interest in cryptocurrencies among private wealth in Asia is significantly increasing. The survey indicates that 76% of Asian private wealth has already ventured into digital assets, with another 18% planning to invest in the future, totaling up to 94%.

The report surveyed 80 family offices and high-net-worth individuals in the Asia region, most of whom manage assets ranging from $10 million to $500 million. This is a significant increase compared to just 58% of respondents involved in digital assets in 2022. Among the respondents who have invested in cryptocurrencies, 70% have less than 5% of their portfolio in digital assets. However, some investors have increased their allocation to over 10% in 2024.

The survey also found that Asian private wealth is increasingly interested in the profit opportunities brought by blockchain technology applications. Two-thirds of respondents expressed interest in decentralized finance (DeFi), and 61% showed concern for artificial intelligence and decentralized physical infrastructure networks (DePIN). Additionally, with the approval of spot Bitcoin ETFs in the U.S. and Hong Kong, 53% of respondents gained exposure to cryptocurrencies through funds or ETFs.