A recent study conducted by Owner One sheds light on the investment preferences of ultra-rich families with a net worth of up to $100 million.

The study reveals a strong inclination towards algorithmic cryptocurrencies over tokens, with a preference rate of 4.32% compared to 0.92%. Despite the growing popularity of algorithmic cryptocurrencies, the transition from crypto to fiat and vice versa presents significant challenges, leading to disruptions in ownership continuity in 91% of cases.

The study emphasizes the complexities associated with maintaining traceability of ownership continuity, particularly concerning algorithmic crypto assets like bitcoin (BTC). It underscores the importance of due diligence in crypto transactions, highlighting that only 7% of ultra-rich families conduct thorough research before engaging in such transactions. Neglecting this step can result in the loss of the ownership history advantage.

Furthermore, the study reveals a concerning lack of basic knowledge among respondents regarding crypto assets. Only 12.82% are aware that once lost, ownership of crypto assets cannot be restored, indicating a widespread nonchalance towards asset storage. Additionally, respondents display limited awareness of certain digital assets' censorship resistance, such as the stablecoin USDT, which can be frozen or seized at the issuer's discretion.

The report also points out the ultra-rich families' insufficient understanding of the importance of self-custody in managing crypto holdings. It warns against relying solely on centralized crypto exchanges, emphasizing their vulnerability to adverse events.

The study concludes that greater education and awareness are essential for ultra-rich families to navigate the complexities of the crypto market effectively.