Almost Half of Family Offices With Goldman Ties Want to Add Crypto Exposure: Report
A Goldman Sachs survey of family offices found that 15% already invest in cryptocurrencies and another 45% are interested.
Almost half of family offices that do business Goldman Sachs want exposure to cryptocurrencies, Bloomberg said.
- A survey conducted by the investment 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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.