60% of super-rich family offices own crypto or are interested as inflation soars, Goldman Sachs says

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

The investment firms of the super-rich are increasingly interested in cryptocurrencies, a survey by Goldman Sachs has found, with 15% already having bought in and 45% saying they could well do in the future. Goldman said in on Wednesday that many respondents said they were considering cryptocurrencies “as a way to position for higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.” The bank surveyed 150 – investment firms that look after the wealth of the very rich. Interest in cryptocurrencies such as varied from region to region.

Goldman found 24% of family offices in the Americas had put some money in the space already, compared to just 8% in Asia and 8% in Europe, the Middle East and Africa (EMEA). In Asia, 68% of family offices said they are interested in investing in the future, compared to 39% in the Americas and 35% in EMEA. Goldman said digital assets were mentioned as one investment solution by those concerned about inflation. Around 40% of respondents said they were concerned about monetary debasement as central banks pump money into economies, with more than 40% of this group saying they would consider

...read more...