The super-rich people smell the money before their morning coffee, but what’s their position towards crypto in an age where traditional economic models are being challenged?
The philosophy of decentralization that lies at the core of the cryptocurrency movement is consonant with many Millennial entrepreneurs’ worldviews. According to Wealth-X, in contrast to popular conceptions of wealth, most ultra-rich individuals across the globe are self-made, meaning that they have attained their success through education and hard work. Almost 90% of those with a general interest in crypto have created all their own wealth, with just 0.5% relying solely on inheritance.
A pronounced feature of crypto-focused millionaires is, according to Wealth-, their interest in technology and philanthropy. Carole Morgenthaler, a representative of Swiss private bank Lombard Odier, commented that the bank’s investment convictions are based on long-term growth and stability to ensure that the clients’ assets can grow and be passed down to future generations. She added, “Investing in cryptocurrencies does not currently have the required quality and guarantees.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | Citi Names Angel Ng as Head of Asia Pacific for Global Wealth ManagementCompany veteran Angel Ng will continue to oversee Citigroup’s Hong Kong and Macau operations on an interim basis.
Weiterlesen »
Promoting wealth and economics to marginalized communitiesWe discuss areas of promoting wealth and economics to marginalized communities, as well as share how to track your finances, and other interests.
Weiterlesen »
Crypto seen as the ‘future of money’ in inflation-mired countriesLast year crypto passed from “niche investment to established assets”, marking a turning point in its evolution. Gemini’s 2022 Global State of Crypto report points out that 41% of digital assets owners were first-timers.
Weiterlesen »
‘Forget FAANG' and Focus on Value Stocks in the Current Inflationary Environment, Jim Cramer Says“For the moment, I do think we have to forget most of FAANG and focus on the money centers,” the “Mad Money” host said.
Weiterlesen »
Food banks need more donations as costs riseAnd as the need to feed hungry Long Islanders continues to increase, food and money donations are going down.
Weiterlesen »