Six In Ten Chinese Rich People Are Diversifying 15% of Wealth Portfolios
But there are other concerns plaguing China as well. The local housing market is showing signs of a bubble waiting to burst. China has always been a driving force of Bitcoin investment and price speculation. By the look of things, that trend will only intensify over the next few decades. Recent polling shows over six in ten rich Chinese people plan to invest abroad. While there will be a large focus on real estate properties, alternative financial solutions may gain more traction as well It was only a matter of time until rich Chinese investors decided to look elsewhere for their fortune.....
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Bitcoin is becoming a recognized asset class with a low correlation to other asset classes. This makes it a good option for diversifying investment portfolios with retirement accounts, and some options do exist for investing in bitcoin for retirement. Diversifying Portfolios. Most investment advisors recommend having diversified retirement portfolios to....
Bitcoin price surpassed the $1,000 margin in major Chinese and South Korean Bitcoin exchanges including Huobi and Korbit on Feb. 1, after the celebration of the God of Wealth and Chinese New Year. On Jan. 28, China and South Korea celebrated the Lunar New Year. In this time of the year, capital outflow significantly increases as Chinese and Korean people send red envelopes to relatives and friends as a cultural ceremony. Red envelopes contain cash and are usually given from the old to the young member of a family. On every fifth day of the first month of the Chinese lunar calendar, the....
The development of the cryptocurrency industry could not go unnoticed by the global rich. Where do the ultra-wealthy stand on crypto? The rich get richer. According to the Wealth-X consulting company, in 2020, the number of ultra-high-net-worth individuals worth $5 million–$30 million in the world increased by 1.7% to 295,450 people; the combined net worth of this group increased by 2% to $35.5 trillion.Observing the investment preferences of rich individuals and institutional investors is instructive. They have access to exclusive information and analytics to inform their investment....
Rich is a subjective term, yet it is apparent that those with no bitcoin unknowingly lack the freedom necessary for true wealth.
In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich.Saving 0.01 Bitcoin (BTC) might cost only $500 today but according to the current global wealth distribution and the digital asset's limited supply, 0.01 BTC just might be enough to make one a millionaire in the future.According to Credit Suisse's "Global Wealth Report 2020", there are 51.9 million individuals with a net worth surpassing $1....