32% of home offices invest in digital assets: Goldman Sachs

While the involvement successful crypto investments has been connected the emergence past twelvemonth among the location offices, 2023 saw a monolithic diminution successful specified investors' certainty astir the integer assets market. 

According to a Goldman Sachs report connected May 8, named “Family Office Investment Insides,” 32% of household offices presently clasp investments successful integer assets. This class includes not lone cryptocurrencies but besides nonfungible tokens (NFTs), decentralized concern (DeFi) and blockchain-focused funds.

Primary motivations of household offices to put successful integer assets. Source: Goldman Sachs 

Explaining their motivations for investing successful integer assets, the bulk (19%) named the content successful the powerfulness of blockchain technology, whereas lone 8% and 9% cited speculation and portfolio diversification, respectively.

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The proportionality of investments successful cryptocurrencies among those investors, who support up with integer finance, has risen importantly since 2021 — from 16% to 26%. However, the involvement successful imaginable investments successful crypto has crashed this year, with conscionable 12% of investors indicating it, down from 45% successful 2021. As summed up successful the report:

“Opinions connected cryptocurrencies look to person crystallized: a greater proportionality of household offices are present invested successful cryptocurrencies, but the proportionality that are not invested and not funny successful investing successful the aboriginal has grown more.”

The study is based connected the survey, concluded from January to February 2023, via questionnaires, distributed to location offices by email. Overall, 166 location offices participated, 95 of them based successful the Americas, 34 successful Europe and the Middle East, and 37 successful Asia Pacific regions. 

Goldman Sachs appeared among the apical winners during the caller banking crisis, erstwhile galore investors person decided to rotate their portfolio investments. Goldman Sachs’ wealth funds person received $52 billion, a 13% growth, successful the biggest monthly measurement of inflows since the emergence of the Covid-19 outbreaks.

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