A recent survey by Avaloq reveals a significant shift in investment preferences among the ultra-wealthy in the United Arab Emirates, with a growing demand for cryptocurrency. The survey indicates that only 20% of these affluent individuals currently utilize traditional wealth managers. Furthermore, 63% are contemplating a switch due to their current advisors' inability to address crypto-related inquiries effectively. This trend underscores the increasing importance of cryptocurrency knowledge in wealth management services in the region.
UAE's Wealthy Eye Crypto, 63% Consider Switching Wealth Managers
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