Musk’s crypto interest appears to be typical of the self-made wealthy
The report states that, 9 out of 10 founders or investors in the crypto industry are male and the cohort is also younger (average 47.5 years) compared to the general wealthier population (60.5 years). Those with a general interest in crypto are likely to be in the 50-70 age range with an average age of 53.7 years.
philanthropic investor
Wealth-X also found that people who are founders/investors in the crypto industry or have a general interest in the asset class are more likely to be philanthropists.
More than 62% of these groups have given at least one single gift of $10K to charitable causes in the past five years, compared to 54.5% of the general wealthy population.
As crypto moves towards the mainstream, it is gaining popularity as an investment among wealthy individuals. Wealth-X’s latest report, Crypto Investing and the Wealth, explores the characteristics of wealthy investing in the sector. Download it for free – https://t.co/8kvzaeAvS9 pic.twitter.com/45eI66Yn52
— WealthX (@WealthX) 10 March 2022