Everest Ventures Group (EVG) reposted this
GM, sharing our latest research 'Asian Private Wealth in Digital Assets' on the latest state of #crypto in private wealth POV. We witnessed some interesting sentiment changes in #crypto for the last 3 years. #1 Crypto: It's not an invest-or-not question, but rather how much should we invest Compared to our last study with KPMG China, 58% are investing in crypto, 34% will invest in the future. This time, 76% are investing, 18% to invest in the future. A notable improvement! #2 Private wealth's interests in #crypto shift with emerging narratives The surveyed respondents are interested in #DeFi, #AI & DePIN and #RWA, hugely different from #metaverse and #store of value in 2022! Private wealth and institutions are actively looking for investment opportunities or even considering to launch their products within those sectors. #3 #BTC price to reach $100k by end of 2024? Q4 set a decent backdrop for BTC to reach new ATHs. Compared to previous years, we've seen constant innovations in key crypto sectors (e.g. DeFi, infra). And don't forget the Bitcoin and Ether spot ETFs are still in their early stages, expecting huge institutional demand in coming months! Around one-third of the respondents predict $BTC to reach at least $100k by end of 2024! Read the full report https://lnkd.in/gjM3Gxhi Thank you to everyone who contributed to the report with valuable insights Elliot Andrews, CFA Shu Duan, CFA Amanda Xiang SBI Digital MarketsCK Ong Faith Ong Family Office Association Hong Kong Jessica Cutrera Arthur Hayes Re7 Capital Hampton T. and other respondents!