A recent analysis from Aspen Digital indicates a significant increase in private wealth engagement with digital assets in Asia, with 76% of wealthy individuals and family offices already participating in this market. Additionally, 18% are considering future investments in digital assets, highlighting a growing trend in asset diversification. This marks a notable rise from a similar survey conducted in 2022, where only 58% of respondents reported any investment in digital assets.
The survey included feedback from 80 family offices and high-net-worth individuals across Asia, typically managing assets valued between $10 million and $500 million. Among those invested in cryptocurrencies, the majority — 70% — have allocated less than 5% of their overall portfolios to digital assets, although some are beginning to increase allocations to over 10% as of 2024. This shift reflects a wider recognition of the potential profitability associated with blockchain technology.
Interest is particularly strong in decentralized finance (DeFi), with two-thirds of respondents expressing enthusiasm for its prospects. Furthermore, 61% are intrigued by advancements in artificial intelligence and decentralized physical infrastructure networks, underscoring a trend toward innovative investment strategies within the region.
The report also revealed general optimism regarding Bitcoin ’s future performance, with a third of respondents anticipating its value may reach $100,000 by the end of 2024. This sentiment is bolstered by the increasing influence of spot Bitcoin exchange-traded funds (ETFs), through which 53% of surveyed individuals have sought exposure to digital assets.
Recent developments in cryptocurrency regulation and ETF approvals, particularly in the United States and Hong Kong, are contributing to heightened interest. The launch of spot Bitcoin ETFs in the U.S. in January 2024, followed by similar offerings in Hong Kong in April, aligns with observable trends in global investment, suggesting a continued shift toward mainstream acceptance of digital assets.
