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Family offices invest in cryptocurrency.

Posted by luba66 Lyubov Sultanova on July 25, 2021 - 6:26pm Edited 7/25 at 6:28pm


Cryptocurrencies have already become an integral part of the world of finance.  The money of the future has attracted the interest of both amateurs and investment professionals.  And it seems that those who are usually called not just rich, but insanely rich people made their choice.


 According to Goldman Sachs, 60% of family offices that work with the ultra-wealthy are interested in cryptocurrencies.  Of these, 15% have already invested in digital coins, and 45% are thinking about it.

 

 Goldman reports that the super-rich are looking at digital currency as a way to position themselves for high inflation, prolonged low rates, and other macroeconomic changes after a year of unprecedented global monetary and fiscal stimulus.  150 respondents took part in the bank's survey.

 What is known about family offices

 These are private companies that invest and manage wealth for wealthy families.  Usually, these are assets in excess of $ 100 million for the purpose of efficient growth and transfer of wealth between generations.

 Interest in cryptocurrencies, like Bitcoin, varies from region to region.  Goldman Sachs found that 24% of family offices in the Americas have already started investing in virtual money.  In Asia and Europe, this figure is 8%.  The same number of rich people from the Middle East and Africa have chosen cryptocurrencies for investment.  In Asia, 68% of family offices are considering investing in virtual currencies as a future option, compared with 39% in America and 35% in EMEA (Europe, Africa and the Middle East).

 

 Family offices choose cryptocurrencies / Photo Unsplash

 According to Goldman's data, digital money has been remembered by those family offices worried about high inflation in the world.

 However, not all companies like cryptocurrencies.  39% of family offices worldwide said they would never invest in virtual coins.  Of these, 49% justified their decision on the high volatility of cryptocurrencies, and slightly less than 40% noted that it is inconvenient for them to use the existing infrastructure so far.

 How to competently manage money and invest profitably on the stock exchange?  Find out from experts with years of successful Forex CLub trading experience.

Sincerely, Lyubov Sultanova.

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Oleg Ch thanks for the information
August 1, 2021 at 2:40pm
Corneliu Boghian Thanks for sharing this article.
July 27, 2021 at 6:48am