More family offices are turning to cryptocurrencies, according to Goldman Sachs data.
Bloomberg, citing the bank’s survey in which more than 150 family offices worldwide participated, said that 15% already invest in crypto assets.
Another 45% of respondents are interested in hedging inflation risks and other ‘macroeconomic changes after a year of unprecedented monetary and fiscal stimulus’ with the help of digital currencies.
Among those surveyed, 22% manage assets worth more than $5 billion, and 45% between $1 billion and $4.9 billion. Family offices manage the wealth of wealthy families.
As Fidelity Digital Assets research shows, 70% of institutional investors expect to invest in crypto-industry projects in the future.
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