Intelligent CXO Issue 23 | Page 9


Eighty-two percent of millionaires seek advice on crypto as Bitcoin soars

Eight out of 10 high net worth ( HNW ) individuals have asked their financial advisers about including cryptocurrencies , such as Bitcoin , into their portfolios over the last 12 months – despite the market experiencing a difficult year in 2022 .

He continued : “ Interestingly , this typically more conservative group were not deterred by the bear market and adverse market conditions . Instead , they were looking to either start including or increasing their exposure to crypto .
According to the results of a study by deVere Group , one of the world ’ s largest independent financial advisory , asset management and FinTech organisations , 82 % of clients with between £ 1 million and £ 5 million of investable assets sought advice on cryptocurrencies .
Nigel Green , CEO and Founder of deVere Group , said : “ In 2022 , the crypto market delivered its worst performance since 2018 , with Bitcoin , the headline-grabbing market leader , falling about 75 % during the year .
“ This suggests that these high net worth clients are increasingly aware of the inherent characteristics of cryptocurrencies like Bitcoin which has the core values of being digital , global , borderless , decentralised and tamper-proof .
“ Wealthy investors understand that digital currencies are the future of money , and they don ’ t want to be left in the past .”
“ The price drops came as investors reduced their exposure to risk – on assets , including stocks and crypto , due to heightened concerns about inflation and slower economic growth .
“ Yet against this backdrop of the so-called ‘ crypto winter ’, HNWs were consistently seeking advice from their financial advisers about including digital currencies into their portfolios .”

Sustainability continues to be a ‘ top business ’ priority

Gartner has revealed that environmental and sustainability initiatives are now considered a ‘ top business ’ priority . By 2026 , 70 % of technology sourcing , procurement and vendor management ( SPVM ) leaders will have environmentalsustainability-aligned performance objectives for their functions . ways of working and doing business . Many are now seeing these initiatives as opportunities to drive further revenue growth and operational efficiency .”

In order to align with new market demands and values , technology providers are becoming competitively and continuously focused on sustainability initiatives . This follows a previous report in which it had identified sustainability a ‘ top 10 business priority ’ for 2023 , with organisations increasing their investments .
Charles Cao , Head of Operations and Strategy at Conga , said : “ As Gartner ’ s previous report showed , sustainability is not only a business prerogative , but it also goes hand-in-hand with business success . It can provide leaders with the opportunity to optimise and scale their operations and explore new
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