‹ BackNewsWealthy Investors

Wealthy Investors

BingX
2026-10-07 10:06:37

BingX executive says wealthy investors hold Bitcoin longer than many crypto-native traders

BingX Chief Strategy Officer Kevin Lee said wealthy "old money" investors tend to hold Bitcoin for longer than many crypto-native traders, framing the asset as a portfolio diversifier rather than a vehicle for rapid short-term gains. Speaking during a conversation with Cointelegraph multimedia head Ciaran Lyons at Token2049 in Singapore, Lee said he has met many affluent clients looking for alternative investments and described them as having stronger "diamond hands" than most market participants. Lee argued that Bitcoin has reached a scale where rich investors increasingly see it as part of a broader allocation strategy. He cited an example in which an investor might put 5% into gold and another 5% into Bitcoin instead of chasing a fast return. He also described wealthy investors as a pool of capital that crypto has not fully tapped. Survey data mentioned alongside his remarks points in the same direction. A CoinShares poll released Monday, covering 2,230 investors with at least $500,000 in investable assets, found that long-term appreciation and diversification ranked as the main reasons to buy crypto, while short-term speculation came last. Among respondents invested in digital assets, 80% held Bitcoin. At the same time, JPMorgan’s February survey of 333 single-family offices across 30 countries showed crypto is still far from a standard allocation for wealthy households.

20
BingX executive says wealthy investors hold Bitcoin longer than many crypto-native traders
BingX executive says old-money investors hold Bitcoin with a longer time horizon, while family-office adoption stays low
CoinShares survey finds wealthy investors across seven countries hold about 10% in crypto, with most planning to add more
CoinShares survey finds most wealthy investors across seven countries already hold crypto