Asian Private Wealth Managers Embrace Crypto, Some Foresee Bitcoin at $100K By Year-End

A growing number of Asia-based private wealth managers are entering the crypto market, with some forecasting bitcoin (BTC) will hit $100,000 by year's end.

Most respondents cited higher returns as a primary driver, with an increasing number of respondents citing diversification and inflation hedge appeal as key motivations to invest in digital assets.

The latest findings are based on a survey of more than 80 family offices and high-net-worth individuals conducted in the second half of this year.

We believe every asset class will eventually transition onto the blockchain, capitalizing on the competitive advantages.

Read at Coindesk