Interest in cryptocurrencies from family investment companies



Managers of large private capital companies are seeking to increase investment in cryptocurrencies, Goldman Sachs found out.

15% of respondents already have investments in cryptocurrencies, according to a new bank survey of over 150 family wealth management firms. Another 45% said they are interested in digital assets as a means of hedging “increased inflation, a prolonged period of low rates and other phenomena in the macroeconomy, emerging against the backdrop of a year of unprecedented foreign exchange and fiscal stimulus.”

This category of investors rarely reports on how they manage the capital of their wealthy clients. Of those who took part in the survey, 22% have under management $ 5 billion or more, and 45% – from $ 1 billion. Critics, meanwhile, advocate stricter regulation of such activities after the collapse of Archegos Capital Management Bill Hwan, entailing multibillion-dollar losses.

Survey participants also expressed interest in investing in the “digital asset ecosystem”. Most clients are willing to discuss “blockchain and distributed ledger technology,” said Mina Flynn of Goldman Sachs’ Wealth Management Division. Many believe that “this technology will be as significant as the Internet in terms of efficiency and productivity.”

Another group of survey participants, however, announced their continuing doubts about the long-term value of digital currencies. Earlier, Fidelity Digital Assets found out that 70% of institutions are ready to invest in cryptocurrencies.

Recall that a large investment company will launch trading in BTC futures in Australia.

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Karice Dabule

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