American Forbes surveyed 65 of the world’s wealthiest people and found that nearly 30% of them invest in crypto assets.
The publication noted that this figure is higher than among investors who do not possess billionaire wealth.
About 18% of respondents said they hold at least 1% of their fortune in cryptocurrencies. Most of them invest in the industry as a test.
80% of those who invested in cryptocurrencies among the billionaires said they invested less than a tenth of their fortune. 3.2% of respondents invested more than half of their fortune in digital assets.
Another 10% said they did not invest directly in cryptocurrencies but supported industry-focused companies.
One of the survey participants, Sam Bankman-Fried, CEO of the FTX exchange, said that 76% to 100% of his capital, amounting to $20.6 billion, is in crypto assets.
Billionaires are increasingly entering the industry. For example, Mark Cuban, who previously criticised Bitcoin, now actively invests in cryptocurrencies.
“It’s no different from investing in stocks, bonds, and other assets. My tech stocks have performed worse than my cryptocurrency,” he told Forbes.
Real estate magnate John Sobrato has said that he invests not directly in digital currencies, but in a crypto-focused fund run by Andreessen Horowitz. He says this is how he gets involved in the industry while avoiding \”brain overload from participating in an asset class you don’t understand\”.
Experts say that billionaires are well suited to experimenting with cryptocurrencies and have the resources to do so:
“They are not as concerned about what happens to Bitcoin’s price next month.”
In April, Forbes presented the ranking of the wealthiest figures in the blockchain and cryptocurrency industry.
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