HSBC: 45% of wealthy investors plan to increase crypto exposure within a year

Forty-five percent of wealthy investors worldwide plan to increase their cryptocurrency allocations over the next 12 months, according to an HSBC report. The report found crypto currently accounts for an average of 6% of portfolio assets, down one percentage point from a year earlier. Meanwhile, 40% of investors said they plan to maintain their current exposure, while 12% said they plan to reduce it or have not yet decided. By generation, younger investors showed a stronger preference for crypto. Current crypto allocations stood at 10% for Generation Z and 9% for millennials, compared with 4% for Generation X and 3% for baby boomers. Plans to increase crypto investment were also strongest among younger groups, at 48% for Generation Z, 47% for millennials, 40% for Generation X and 35% for baby boomers. The survey was conducted from Jan. 6 to Feb. 6 this year among 9,993 investors in 10 markets, including mainland China, Hong Kong, India, the U.S. and the UK, each holding at least $100,000 in investable assets.