Share this article

Almost Half of Family Offices With Goldman Ties Want to Add Crypto Exposure: Report

A Goldman Sachs survey of family offices found that 15% already invest in cryptocurrencies and another 45% are interested.

Almost half of family offices that do business Goldman Sachs want exposure to cryptocurrencies, Bloomberg said.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

  • A survey conducted by the investment bank found that 45% of family offices are interested in investing in cryptocurrencies, Bloomberg reported Wednesday.
  • A further 15% of the more than 150 that responded already do so.
  • They see the crypto industry as a hedge against “higher inflation, prolonged low rates and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus,” according to the report.
  • Family offices are investment firms that provide services for very wealthy people.

See also: Bank of America Creates Team Dedicated to Researching Crypto

Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.

Sheldon Reback