Bitcoin just crossed $23,000 Canadian and a survey shows that
73% of millionaires either own cryptocurrency
or they plan to include it as part of their portfolio.
More about the Survey
The survey comes by way of an independent financial advisory organization called
. The group reached out to investors all over the world and concluded that nearly three quarters of respondents either already have investments in digital currencies such as Bitcoin, Ethereum and Ripple, or they plan to own some by the end of 2022.
Big Boy Investors Agree with the Masses
We’ve already covered the level of institutional investment occurring in the cryptocurrency world throughout 2020 many times. It’s a big deal. Not only are big institutional bodies pouring in more money, so are the richest of the rich who’ve made most of their money in other traditional financial markets.
Just today, Mexican billionaire Ricardo Salinas is letting the world know that
10% of his investing portfolio
features Bitcoin. The reality is smart money is going to continue to flow into the cryptocurrency markets no matter how you slice it. High net worth individuals will pour their capital into the most promising projects and so will publicly traded assets with access to large amounts of cash. After all, the responsibility of publicly traded companies to earn a return on investment for their shareholders. Whether or not those companies are directly associated with Bitcoin or blockchain technology is irrelevant at this point.
How Retail Investors Can Join the Party
One of the cool things about cryptocurrency is that it’s by everybody and for everybody. This means all you need to do to rub shoulders with the big boys is find a way to get your hands on some Bitcoin. Don’t worry about
how to buy a Bitcoin in Canada
. It’s easy. Use Netcoins. It’s free to register and you can deposit money via Interac e-Transfers, online billing or bank wire transfers to get some instantly. That way you can ride this current bull run. Get in on the opportunity now.
Written by: Jack ChorosWriter, content marketing at Netcoins.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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