Family offices are increasing their investments in crypto assets despite the recent cryptocurrency market downturn reports Issued by US investment bank Goldman Sachs.
This latest study examines the activities of family offices around the world and the investment strategies they employ. The investment bank says the publication reflects the perspectives of 166 family office decision-makers around the world, combined with its analysts’ collective observations of working with family offices and family-controlled enterprises. More than 70% of respondents have a net worth of at least $1 billion, and more than 90% demonstrate in-house investment management capabilities.
The US bank said that one of the market trends identified by Goldman Sachs analysts is the growing share of investments in digital assets in the portfolios of many family offices around the world.
Family offices increasingly investing in crypto
“Across products, 32% of family offices currently invest in digital assets. Within the digital-asset ecosystem, family offices have become more decisive about cryptocurrencies: the proportion invested is expected to increase from 16% to 26% in 2021 are gone,” according to Goldman Sachs.
“However, the proportion who are not invested and not interested for the future has increased from 39% to 62% and those who are potentially interested for the future have increased from 45% to 45%,” the report said. fell by 12%.
The family offices surveyed invest in a wide range of digital assets, including cryptocurrencies, blockchain technology, stable coins, non-fungible tokens (nft), decentralized finance (DeFi), as well as blockchain-focused funds, as indicated by the latest study.
“Among those who do, the most common primary argument is their belief in the power of blockchain. Within the digital-asset ecosystem, opinion on cryptocurrencies has become clearer since our last survey: a large proportion of family offices now own cryptocurrencies. – 26% vs 16% in 2021,” the report said.
At the same time, 62% of family offices surveyed declared that they are not investing in the sector in 2021, compared to 39% and are not interested in investing in the future. Only 12% indicated possible future interest, a solid shortfall of 45% in 2021 according to the investment bank.
Goldman Sachs analysts concluded in the report, “Opinions on cryptocurrencies have become clear: a substantial proportion of family offices are now invested in cryptocurrencies, but a proportion that is not invested and may not be interested in investing in the future.” is,” Goldman Sachs analysts concluded in the report.