The Real Estate Consultant Wealth Report Shows Clients Exposed More Than Gold To Crypto

The 2018 Wealth Report of Knight Frank, a Global Real Estate Consultant, found that their customers were exposed to the cryptocurrencies the least A chart from the Knight Frank Attitudes survey shows the percentage of customers who have only experienced an increase in exposure to certain assets, which places cryptocurrencies in below the gold at 21%. .

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However, answer to the question "How has the exposure of your clients to the following investments changed in the last 12 months?", the global average cryptocurrency exposure is 16%, while the World average is less strong. Although Bitcoin (BTC) has sometimes been referred to as "digital gold", the World Gold Council sees the main differences between the two assets as being "the decline of the day to next day "BTC daily liquidity" and various uses and applications of gold in the jewelry industry, as well as in the technology industry and central banks.

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The percentage measures the difference between those who reported an increase in exposure and those who reported a decrease.

According to the data, The region most exposed to cryptocurrencies is Latin America (33%), this can be explained by hyperinflation in the Venezuelan economy.This hyperinflation could lead to Venezuela's "bitcoinization", as more Venezuelans turned to crypto rather than using Bolivar , whose total value last fall was equal to 50% of virtual gold in World of Warcraft.

Venezuelan President Nicolas Maduro attempted to capitalize on the popularity of crypto in his country by launching at the end of February a piece of monna ie supported by the state, the Petro, to the unreliable fanfare.

With the lowest average increase in exposure to cryptocurrencies is Asia at 5 percent. The lack of exposure could be attributed to the current encryption bans in China, such as the ban on domestic trade, currency exchange, as well as Initial Coin Offeringings (ICO). South Korea, well known for its public use of cryptocurrency, has also introduced a crypto ban on anonymous trade in cryptocurrency this year

The Knight Frank Wealth report also contains a article on Blockchain's potential to revolutionize property. the steps. Countries around the world have already started using Blockchain for real estate, with the Swedish government's land registry soon to be conducting its first Blockchain real estate transaction. In America, a Blockchain real estate pilot program in Vermont has already completed the first real estate transaction All-Blockchain in the United States.

The Wealth Report also questions the opinions of Knight Frank's customers about Blockchain technology. The global average of respondents like "doubt that many of my clients have heard of Blockchain". 4% as the world average answered, "Blockchain already has a tangible impact", with Russia and the Commonwealth of Independent States (CIS) America at 8%.

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Knight Frank has 370 offices distributed in 55 countries, managing more than $ 817 billion in properties ranging from commercial to residential to agriculture.