Interestingly, the main incentive for family investment firms to invest in digital assets was a belief in the prospects of blockchain and decentralized technology – 19% of respondents cited this very reason for investing in cryptocurrencies.
Family wealth managers also invest in digital assets to diversify their portfolio (9%) and to use such assets in DeFi applications (8%).
Note that the number of long-term investors was the same as the number of speculators – 8% each.
“There seems to be some certainty about the attitude toward cryptocurrencies.. The number of family-owned companies that invest in digital assets has grown.
But the percentage of firms that have not invested in cryptocurrencies and do not plan to do so in the future has also increased,” Goldman Sachs analysts wrote.
The survey was conducted between January and February 2023.
Representatives from 166 family investment firms were interviewed, of which 95 were in the U.S., 34 were in Europe and the Middle East, and 37 respondents were from Asia and the Pacific.
Earlier it was reported that venture capitalists are once again interested in the cryptocurrency industry. Thus, in February, the volume of investments increased by 67%.