Advertisement
AD

Main navigation

Goldman Sachs Survey Shows 45 Percent of Family Offices Want to Invest in Cryptocurrencies

Advertisement
Wed, 21/07/2021 - 14:38
Goldman Sachs Survey Shows 45 Percent of Family Offices Want to Invest in Cryptocurrencies
Cover image via stock.adobe.com
Read U.TODAY on
Google News

A recent Goldman Sachs survey of more than 150 family offices around the globe shows that 45 percent of them are interested in investing in cryptocurrencies, Bloomberg reports.

Advertisement

Notably, 15 percent of survey participants already have exposure to the nascent asset class.

Those who are looking to get in on the cryptocurrency frenzy are worried about a long-lasting low-interest-rate environment and rising inflation.

Last week, U.S. Treasury Secretary Janet Yellen forecasted several months of "rapid inflation."

Related
26-Year-Old Bitcoin Miner Electrocuted to Death by His Mining Rig

Family offices are private companies that are responsible for handling the riches of wealthy families. With over $70 billion in total assets under management, Microsoft co-founder Bill Gates' Cascade Investment is the largest investment company of this type.

Nearly one-fifth of those family offices that participated in the aforementioned survey have more than $5 billion in assets under management.

As reported by U.Today, Soros Fund Management, the family office of billionaire George Soros, greenlit Bitcoin trading last month.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles