The future of digital asset management
Investors should consider digital asset managers when looking for ways to manage their digital wealth.
The world of finance is rapidly changing, and digital assets management is quickly becoming the new standard for investors. According to a report by ResearchAndMarkets.com, the global digital wealth management market was valued at $5.37 billion in 2020 and is projected to reach $12.93 billion by 2026, growing at a CAGR of 16.3% during the forecast period.
As more people trust blockchain and crypto becomes more mainstream, the demand for digital assets management will continue to grow. Digital platforms will become more sophisticated, using artificial intelligence and machine learning to provide even more personalized investment advice.
According to a report by CB Insights, the total assets under management (AUM) of digital asset investment funds grew from $2.57 billion in January 2020 to $9.27 billion in April 2021, representing a growth rate of 260%.
The growth of digital wealth in the blockchain will likely continue to accelerate over the next five years… Why?
1. Crypto, tokens, and NFTs adoption
The adoption of cryptocurrencies, tokens, and NFTs is likely to continue growing as more people become comfortable using digital assets. This increased adoption will create a larger user base and more demand for digital assets, leading to an increase in their value.
2. Blockchain evolution
Advancements in blockchain technology are making it easier for people to create, transfer, and hold digital assets securely. This will lead to more innovation and creativity in the digital asset space, resulting in the creation of new types of digital assets that can be used for various purposes.
3. High demand of DeFi
The growth of decentralized finance (DeFi) platforms is creating new opportunities for people to earn interest and profits on their digital assets. As more people participate in DeFi, the demand for digital assets will increase, driving up their value.
The trend toward digitization of assets is likely to continue, with more traditional assets being represented on blockchain platforms. This will lead to increased demand for digital representations of assets such as real estate, art, and other collectibles, further driving the growth of digital wealth in the blockchain.
Reasons to have a digital asset manager
Digital assets management is a way for investors to manage their digital and tokenized assets, such as crypto, tokens or NFTs, using algorithms and artificial intelligence to help them make informed decisions about their investments.
The growth of digital assets management is also being driven by the desire for personalized investment advice in this area. Digital platforms such as CommonSense are able to analyze large amounts of data and provide personalized digital investment portfolio to investors.
The growth of digital wealth management is set to continue, with the global market projected to reach $12.93 billion by 2026. The future of digital wealth management is bright, and investors should consider this option when looking for ways to start building their digital wealth.
