Bitcoin [BTC], Ethereum [ETH] and XRP will draw investment from over 65% of HNIs by 2022
Ambcrypto.com - Mon 6 May 05:01 GMT

With the dichotomy of the cryptocurrency fever ensconcing investment circles and the growth of the industry beyond its retail investors base, lucrative newcomers are on the horizon. Institutional and other large-scale investors are beginning to embrace crypto…

Bitcoin [BTC], Ethereum [ETH] and XRP will draw investment from over 65% of HNIs by 2022

  A recent survey by deVere Group stated that High Net Worth [HNIs] will be flooding the cryptocurrency market in the next three years.

  The survey details 68 percent of the poll respondents have already invested in cryptocurrencies or are looking to in the next three years.

  Bitcoin [BTC], Ethereum [ETH] and XRP, the three largest cryptocurrencies based on market capitalization have been highlighted as the main revenue streams, according to the respondents.

  With the growing interest in cryptocurrencies from Wall Street, institutional investors will bring in, both their “capital” and “expertise” to the virtual currency market, adds the CEO.

  Riding high on the wave of popular support for cryptocurrencies, coupled with the price rally experienced over the past month, Green stated that Bitcoin will test the $6,000 support level.