Asia’s private wealth shows rising interest in digital assets
There is optimism about Bitcoin’s potential, with 31% predicting it could reach $100,000 by the end of 2024.
A new report from Aspen Digital reveals that 76% of Asia’s private wealth sector has already ventured into digital assets, with an additional 18% planning future investments. Interest in digital assets has surged since 2022, when just 58% of respondents had explored the space. The survey covered 80 family offices and high-net-worth individuals and found that most manage assets ranging from $10 million to $500 million.
Among those invested, 70% have allocated less than 5% of their portfolios to digital assets, although some increased their holdings to over 10% in 2024. Interest in decentralised finance (DeFi) and blockchain applications continues to grow, with two-thirds expressing a desire to explore DeFi, while 61% are keen on AI and decentralised physical infrastructure.
The approval of spot Bitcoin ETFs, particularly in the US and Hong Kong, has driven increased demand for digital assets. The report highlighted that 53% of investors have gained exposure through funds or ETFs, with optimism remaining high as 31% predict Bitcoin could reach $100,000 by the end of 2024.
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