Wealth-X, the world’s leading provider of data and insight on the wealthy, released Crypto Investment and the Wealthy, which explores the group of wealthy individuals who invest or have an interest in cryptocurrencies. Amid hype, volatility and opportunity, the cryptocurrency sector and ecosystem continue to grow rapidly. As crypto moves towards the mainstream, it is gradually gaining popularity among wealthy individuals as an asset class in which to invest.
Crypto Investment and the Wealthy takes an in-depth look at the wealthy – defined as individuals with a net worth of $5 million or more – who are professionally involved or have an interest in the crypto sector. The report explores the characteristics, wealth generation and interests of these subsets of the wealthy.
Some key insights explored in Crypto Investment and the Wealthy are:
- Wealthy crypto entrepreneurs are even more male-dominated than the general wealthy population, with 9 out of every 10 being men
- Wealthy individuals with a focus on crypto are substantially younger than their counterparts in the general wealthy population, with an average age of 47 among crypto entrepreneurs and 54 among those with a general interest in crypto
- An interest in technology is particularly pronounced among those with a focus on crypto compared to the rest of the wealthy
- Self-made wealthy individuals appear more likely to be open to investing in crypto, a sector that is riskier and more volatile than other asset classes
- Among the crypto-focused wealthy, entrepreneurialism is more pronounced – almost 90% of those with a general interest in crypto have created their own wealth
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To gain insight into the wealthy individuals who are active in the crypto sector, this report leverages the unique and proprietary Wealth-X Database, the world’s most extensive collection of curated research and intelligence on wealthy individuals. Three distinct populations are explored in the report:
Wealthy Crypto Founders/Investors:
People who have either founded a business within the crypto sector or have created most of their wealth via crypto investment. Notable examples include Vitalik Buterin, co-founder of ethereum, and the Winklevoss brothers, who are the co-founders of Gemini.
Wealthy Individuals with a General Interest in Crypto:
People who either invest or have a demonstrated interest in crypto, but it is not the main source of their wealth or their primary industry. Notable examples are Elon Musk, CEO and co-founder of Tesla, and Ashton Kutcher, who is an actor and co-founder of Sound Ventures.
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