Altcoins News
By Jean-Luc Maracon
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The wealthy are still steering clear of Bitcoin. A new January survey confirms this.
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The report indicates that even gold is losing its appeal among these investors. Only 12% of those surveyed still invest in it.
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A Parisian manager who wishes to remain anonymous says, "Regulation remains unclear, and price fluctuations are too significant." This sums up the general sentiment well.
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Central banks aren't helping either. Luis de Guindos from the ECB reiterated on February 1 the need for caution regarding cryptocurrencies, citing risks to financial stability.
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Managers are closely following these signals. UBS advised in an internal memo on February 3 to maintain minimal crypto allocations—the market uncertainties remain too high.
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Gold is doing better than Bitcoin, but not by much.
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Amundi reported on February 2 that gold represents about 7% of total asset allocation, compared to less than 1% for cryptocurrencies.
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Noel Quinn from HSBC outright doubted on February 5 in London that cryptocurrencies will ever become a major component of wealth management portfolios.
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A BNP Paribas official confirmed on February 3 in Paris that demand for crypto-related financial products remains marginal among their high-end clients.
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But there are some signs of openness. Some surveyed managers say they are considering including a small portion of cryptocurrencies in the future—depending on regulatory…
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In the absence of all this, a massive investment in cryptocurrencies seems unlikely. Cryptocurrencies remain on the periphery of the investment strategies of the wealthy.
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The resistance of the ultra-rich to cryptocurrencies is also explained by their complex tax strategies.
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Hedge funds tell a different story. Bridgewater Associates held about 2.8% of its portfolio in crypto at the start of 2025, while Renaissance Technologies maintained its…
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