Nexo survey says complexity, not risk, is top barrier for wealthy crypto investors

Operational friction and complexity in using crypto, rather than concerns about risk, are the biggest obstacles to incorporating digital assets into the long-term wealth management strategies of high-net-worth investors, crypto lender Nexo said in a survey report, according to Finbold. The survey covered high-net-worth individuals in the U.S., the UK and Argentina, and scored from one to 10 how deeply crypto is embedded in investors’ financial lives based on investment size, holding period, retirement planning, whether it replaces traditional assets, and risk perception. Despite two-thirds of participants holding crypto, the average score was only 4.83, indicating that while most investors have crypto exposure, they are not yet building wealth through it. Only 4.7% of surveyed investors scored seven or higher, a threshold defined as viewing crypto as part of a long-term financial plan. In addition, about 20% of respondents said they expect crypto to become the most important driver of personal wealth growth over the next 10 years, ahead of salaries, stocks and real estate.