Knight Frank reported, His client preferred gold over cryptocurrency

                  

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Knight Frank, A global real estate consulting firm, has found that their clients have been exposed to the most unknown crypto of all assets surveyed, ranked lower than gold.

Around 21 percent of respondents in an annual survey of wealth advisers and private bankers said their clients increased investments in cryptocurrencies in 2017, according to the latest Wealth Report by Knight Frank.

                   

 "In a separate question, we asked about their understanding of blockchain and there's still a huge amount of misunderstanding about blockchain," Nicholas Holt, Knight Frank's head of research for Asia Pacific, told CNBC on Wednesday.

"So, although people are getting on the train about investing in cryptocurrencies, perhaps there's not a full understanding of what this could mean to their wealth portfolio," he added.

 Although Bitcoin (BTC) has sometimes been referred to as “digital gold,” the World Gold Council sees the main differences between the two assets as BTC’s lower “day-to-day liquidity” and gold’s diverse uses and application in the jewelry industry, as well as the tech industry and central banks. 

Source: cnbc