Study: Ultra-rich families with net worth of $100 million prefer algorithmic cryptocurrencies over tokens

Odaily News According to a study conducted by Owner One, ultra-rich families with a net worth of up to $100 million have a preference for algorithmic cryptocurrencies over tokens (4.32% vs. 0.92%). Statistics cited by the study indicate that 91% of ownership continuity is interrupted in the transition from cryptocurrencies to fiat currencies and vice versa. Furthermore, the study found that only 7% of ultra-rich households conduct due diligence before making crypto transactions. For those who ignore this step, they could lose their ownership history advantage, the study warns. Regarding households’ basic knowledge about crypto assets, the survey showed that only 12.82% of households realize that once lost, ownership of crypto assets cannot be restored. The remaining 87.18% seemed “indifferent” to storing such assets. (Bitcoin.com)