Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Youyu partners with more than a dozen international mutual and money market funds and generates an investment profile for users based on their individual risk tolerance and other factors. Clients then track the performance of what was recommended to them and can compare their decision to other options made available at the time of the investment.
Fintech Now Available For Everyone
Yunfeng is targeting an ignored segment as financial services traditionally market their services to high net-wroth individuals — something there is no shortage of in China and Hong Kong. The creation of an app for the non-wealthy segment also comes at a time when 70 percent of Chinese investors are playing to increase their global allocation for investments over the next year.
Bloomberg noted that in Hong Kong, more than 75 percent of customers are comfortable with accepting and acting on advice for financial services that are automated. A similar acceptance rate was observed in other western markets, including the United States and the United Kingdom.
"Traditional institutions, their client base is quite limited, the resource is quite limited. They cannot provide the services," Yunfeng's CEO Li Ting told Bloomberg. "But for fintech, actually we can serve millions of clients online at the same time."
Related Links:Orchard Platform: Asia Is 'Light Years' Ahead In InnovationHere's What Alibaba's Recent Acquisitions Suggest About The Future Of The Economy________Image Credit: Screencapture from "Davos 2017 -- An Insight, An Idea with Jack Ma" via Wikimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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