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Goldman Sachs survey:- 45% of family offices want to invest in cryptocurrency

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Vandana Mrigwani Follow

INDIA

Jul, 22 2021

Jul, 22 2021

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A survey was conducted by Goldman Sachs. In the survey the data related to the investment of crypto depicted. Bloomberg reported that “Goldman Sachs survey:- 45% of family offices eager to invest in cryptocurrency”.

Almost half of the office clients are interested in cryptocurrency. The trading of cryptocurrency for the bank official’s family showed interest.

Detail about the survey

More than 150 family offices participated in the survey. The survey took place online with the help of the polling method. The result of the survey was really interesting. 15% of respondents we're already investing in the crypto market. The leftover 45% are therefore interested in crypto trading.

The inflation rate more or less depends upon macroeconomic development. The one-year global monetary and fiscal stimulus decides the overall economic development.

The tendency is followed by the family offices. Slowly or steadily they are turning to cryptocurrencies like Bitcoin to counter the threat of inflation rate. Secretly 22% of family offices participated and profited $5 billion. The 45% of families under management benefited $1 billion and $4.9 billion.

Goldman Sachs survey indicated that there is a huge number of families interested in crypto-related technology and blockchain. Meena Flynn who manages private wealth management for Goldman Sachs said the majority of families want to talk to us “about blockchain and digital ledger technology

Respondents in the survey also indicated interest investing in the “digital asset ecosystem. The majority of families want to talk to us “about blockchain and digital ledger technology,” said Meena Flynn, who helps lead private wealth management for Goldman. Many Family offices think “that this technology is going to be as impactful as the internet has been from an efficiency and productivity perspective”


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Vandana Mrigwani

CBW - External Analyst

INDIA

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