Cryptocurrency Market Gaining Popularity With Wealthy Investors

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The latest Wealth Report survey conducted by Knight Frank reports that 21% of private bankers said that their clients have decided to increase the percentage of their portfolio dedicated to cryptocurrency in the year 2017.

According to the report,

“In recent months, crypto markets have faced increased government regulation, including a few outright bans on trading digital currency, alongside negative comments from crypto sceptics, including Berkshire Hathaway Inc., Warren Buffet and JP Morgan CEO Jamie Dimon. Despite the criticism, digital currencies such as Bitcoin, Ethereum and Ripple have made their way deeper into the mainstream, making a major win with a debut on the futures market in the U.S.”

Those are interesting news for cryptocurrency enthusiasts as large investments is what d drives the market. A few weeks back, an anonymous investor bought over $400 Million worth of Bitcoin.

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