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.