Family offices lose interest in cryptocurrency – survey

Family offices lose interest in cryptocurrency – survey

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In 2023, the number of family offices “potentially interested” in cryptocurrency decreased from 45% to 12%. This is evidenced by Goldman Sachs survey data.

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166 family offices took part in the survey – companies whose responsibilities include solving a number of tasks of one family: investment management, legal and tax support, reporting on business partners, etc.

In total, approximately 26% of firms invest in cryptocurrency — compared to 16% in 2021. However, the number of those who do not show interest in this asset class also increased from 39% to 62%.

The main reason for investing in the crypto sector, including stablecoins and NFTs, was cited by respondents as “faith in the power of blockchain technology.”

EMEA (Europe, the Middle East and Africa) was the most negative region. Only 16% of family offices have invested in cryptocurrency, while 79% do not intend to do so.

The share of family offices in the Asia-Pacific region working with digital assets has reached 30%. Another 27% only plan to join this field in the future, and 43% are not interested in it.

Let’s remind

Earlier, the Ministry of Finance wrote that, according to the Paxos survey, the majority of Americans (75% of respondents) believe in digital assets to one degree or another, despite the collapse of FTX.

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Source: Ministry of Finance

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