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Forbes Survey: Every 3rd Billionaire Is Somehow Linked To Cryptocurrency

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  • The international media organization Forbes questioned 65 of the most affluent individuals on the earth to know their association with crypto assets.
  • The survey gave some prominent results, providing the outcome that around 30% are somehow connected to cryptocurrencies.
  • The total cryptocurrency market cap was intact at $1.1 Trillion, with crowned asset Bitcoin still dominating the sector.

Billionaires Admire Crypto Assets

Forbes interviewed 65 of the world’s wealthiest people to find out how many of them are involved in the bitcoin ecosystem.

According to the findings, 30% of respondents had made an investment in digital assets either directly or indirectly.

Warren Buffett and Jamie Dimon, two of the world’s wealthiest people, are adamantly opposed to Bitcoin, pledging never to deal with it. Last month, the former stated that even for $25, he would not acquire all of the bitcoins in the world.

Buffett’s view, however, is not shared by many other billionaires, according to a recent Forbes research.

Every third participant acknowledged having direct or indirect cryptocurrency investments, which is greater than the rate among people with less than $1 billion in assets.

Approximately 18 percent indicated they have put at least 1% of their wealth into the asset class, 80% claimed cryptocurrencies make up 10% of their holdings, and 3.2 percent said they have put more than half of their assets into the asset class.

The remaining 10% have supported exchanges, managers, or service providers who are involved in the business but have not actively made an investment in bitcoin or altcoins.

It’s worth mentioning that one of the people questioned was Sam Bankman-Fried, the Co-Founder and CEO of FTX. According to Forbes, he has transformed between 76 percent and 100 percent of his entire assets into cryptocurrency.

Fan Favorite Elon Musk Is In The List Too

Elon Musk comes to mind when discussing affluent persons who are interested in the digital asset industry. Tesla’s CEO said last summer that he owns Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE) (DOGE).

He stated earlier this year that he will not sell his crypto assets. He also mentioned the high levels of inflation that are prevalent in many parts of the world.

During these uncertain times, Musk feels that people should focus on actual items rather than fiat money.

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