Half of Goldman Sachs' Family Office customers want crypto

Goldman Sachs has announced that almost 50 % of his wealthy family office customers are interested in starting the cryptocurrency market

A current survey by Goldman Sachs has shown that almost half of the family offices are interested in entering the cryptocurrency market. Family offices are investment advisors with the task of managing the assets of the richest families in the world.

The investment bank is already expanding its presence in the cryptocurrency market and wants to continue growing in the next few years. Goldman Sachs interviewed his family office customers and found that 15 % of them have already invested in cryptocurrencies.

The emphasized that more offices would like an engagement in cryptocurrencies. Goldman Sachs said that 45 % of his family office customers want to get on the market. These institutional investors mentioned numerous reasons such as higher inflation, persistently low interest rates and other macroeconomic developments after one year of unprecedented global monetary and fiscal incentives as the main reasons why they want to invest in cryptocurrencies.

The interest of institutional investors has prompted investment banks such as Goldman Sachs, Morgan Stanley and Citigroup to expand their services. March, cnbc reported Prepared to offer his richest customer access to Bitcoin and other cryptos. Morgan Stanley has already started to suspend its wealthy customers digital currencies.

Goldman Sachs has started to facilitate the trade in Bitcoin derivatives for its customers. More traditional and investment banks will probably enter the cryptom market as soon as more institutional investors show interest in cryptocurrencies.