Saltus Research: 40% of UK High Net Worth Individuals Currently Hold Cryptocurrency Assets

In this episode of Global Economic Press, Alex Brady explores the growing interest in cryptocurrency investments among high net worth individuals in the United Kingdom, particularly in light of Bitcoin surpassing the $100,000 milestone. The discussion centers around recent research findings from Saltus, a financial planning firm, which reveal that 40% of high net worth individuals in the United Kingdom currently hold cryptocurrency assets. The research surveyed 2,000 individuals with investible assets exceeding £250,000, highlighting that while a significant portion of these individuals are already invested in cryptocurrency, an additional 46% plan to invest in the future. The episode delves into the implications of these findings for the future of cryptocurrency investments, especially as prices and interest continue to rise.

The podcast also examines the varying appetite for cryptocurrency across different age groups, noting that older high net worth individuals are less likely to invest in crypto compared to their younger counterparts. The research indicates that 69% of individuals over the age of 55 do not hold any cryptocurrency and have no plans to do so, whereas younger age groups show a much higher interest in crypto investments. Additionally, the episode discusses the impact of financial advice on investment decisions, with those who have received recent financial advice being more inclined to invest in cryptocurrency. Mike Stimpson, a partner at Saltus, emphasizes the importance of cautious investment in cryptocurrency, particularly for those nearing retirement. For more information on Saltus and their research, visit their website at Saltus.