Almost Half of Family Offices Want to Add Crypto Exposure: Report

Almost Half of Family Offices Want to Add Crypto Exposure: Report

Almost half of family offices that do business with Goldman Sachs want exposure to cryptocurrencies, Bloomberg said.

  • A survey conducted by the bank found that 45% of family offices are interested in investing in cryptocurrencies, Bloomberg reported Wednesday.
  • A further 15% of the more than 150 that responded already do so.
  • They see the crypto industry as a hedge against “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus,” according to the report.
  • Family offices are investment firms that provide services for very wealthy people.
  • Source