Family Offices and High-Net-Worth Individuals Pay More Attention To Crypto
How do high-net-worth individuals and family offices think about cryptocurrency and blockchain technology? Do they think crypto is a bubble that has no future or it's a good opportunity to invest and grow their wealth?
According to KPMG China and Aspen Digital's recent study, 60% of high-net-worth individuals and family offices from Hong Kong and Singapore are positive about cryptocurrency and invested some portion of their wealth in crypto. People have more exposure to crypto and it increases day by day.
Recently Goldman Sachs conducted a study about family offices' investment strategy. They focused on 166 family offices in the Americas, Asia-Pacific (APAC), the Middle East and Africa, and Europe which is about their investment strategy and how it has changed over a couple of years. In 2021, 16% of family offices made investments in crypto assets whereas now 26% of them have invested in cryptocurrency.
It shows how people change their mindsets and make adjustments to their investment strategy. It is also revealed in Goldman Sachs's study that 32% of family offices have some sort of exposure to crypto. It could be Decentralized Finance (DeFi), non-fungible tokens (NFTs), stablecoins, and cryptocurrency.
No one wants to fall behind after seeing the innovation and development in the crypto industry. At least, investors consider crypto as an asset class that is worth having a certain portion of their portfolio. It helps to diversify their portfolio and have the option to capture the upside of crypto.
If you look into the crypto market, the overall trend of the market is positive. The crypto market goes up in the long term. People invest in stocks and the stock market is not the same always. You can say the stock market is not as volatile as the crypto market. Since crypto is different, you have to think about crypto assets differently.
It is fascinating to see people getting more exposure to crypto directly or indirectly. People are smart and they choose what is good for them to improve their finances. The adoption of cryptocurrency is on the rise in spite of crypto crackdowns and new regulations.
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