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- 1 A proportional rise of 26% from 16% of crypto investing in 2021.
- 2 32% of global family offices have exposure to digital assets, NFTs, and DeFi
A Goldman Sachs survey has revealed the increase in crypto investing. It has raised from 16% in 2021 to 26%. Though this is a notable increase still, some figures related to cryptocurrency also reveal the change of mindset in investing. This survey was done on 166 family offices in 2021.
These family offices are in America, Europe, the Middle East, Africa (EMEA), and Asia Pacific (APAC). Basically, this survey shows how the investment strategy has changed in the past few years. Among the family offices involved in the survey, 72% were managing more than $ 1 million of assets.About 45% revealed interest in alternative assets.
A banking giant Goldman Sachs declared that a large part of investors think about cryptocurrency as an option for the future. But this figure is sharply falling. 62% of family offices show no engrossment in crypto investing. This change of mindset is the biggest in America. About 79% of EMEA offices do not intend to invest. According to this survey, about 16% of wealth management firms were HOLDers. And also, most of them (30%) are from APAC.
Power of blockchain reason behind the rise of crypto investing
Looking at the rise of crypto investing, the interest and motivation of investment is asked. About 19% show an interest in the power of blockchain technology.
9% interest shown in portfolio diversification, 8% in financial applications, and 8% Dapps usage by people, for example, Uniswap, Pancake, Swap, 1 Inch Aave, Upland, Steemit, OpenSea, Audius, TRACEDonate, MakerDAO, Rarible
and so on.
Global Sachs is a leading global financial institution that delivers various financial services to a large and different client base that includes corporations, financial institutions, government, and individuals. Their research is globally done to provide basic insights and analytics to clients and others.
The family offices continue to make strong allocations to risk the assets. The average going in 2023 revealed 28%public market equities, 26% private equities, and 12% cash equities.
While fixed income, private real estate, and others fall in lower percentages compared. The family offices reported the most invested sectors are information technology and health care. It will drive the value over the long term.
What other surveys revealed about crypto investing?
Besides the Goldman Sachs survey, Bank of America conducted a recent survey in the second half of 2022. This survey is named a wealth survey by Bank of America.
This also declared the considerable interest in alternative investments. Investors having a wealthy high net worth of age 42 or less show far greater interest in alternative investment.
A recent KPMG and Aspen Digital study shows that 60% of digital offices and high-net-worth individuals are from Hong Kong and Singapore. They have invested in digital assets, ETH and Bitcoin. These two currencies are popular in both regions.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
