- Such companies invest less in digital money
- And prefer more stable assets
Goldman Sachs conducted a study into which areas family offices invest. It shows how rising interest rates affect asset allocation.
Family offices are firms that manage assets. As a rule, they work with big tycoons and their families. 166 family offices from different countries participated in the survey.
It was held in January and February.
Family offices’ attitudes toward cryptocurrencies have changed dramatically recently.
Two years ago, 39% of participants said they did not invest in cryptocurrency, but 45% said they planned to invest in the field in the future.
This year, nearly two-thirds (62%) of family offices said they did not invest in cryptocurrency, and have no plans to do so.
That is, we see an increase in opponents of cryptocurrencies from 39% to 62%.
On the other hand, the number of family offices already investing in digital money has increased in 2 years, from 16% in 2021 to 26% now.
Only 12% of those surveyed said they would explore investing in digital money in the future. Two years ago, such answers were given by 45% of participants.
It is interesting that among those who are already investing in cryptocurrency, we see a sharp imbalance by region.
Family offices in Asia-Pacific (APAC) are the most willing to invest in blockchain. Their share is 30% higher than that of similar firms from the U.S. and Europe.
We note that the survey was conducted just after the tumultuous year of 2022, when the cryptocurrency experienced a series of failures.
The survey was conducted immediately after the tumultuous year of 2022, when the cryptocurrency experienced a series of failures.