Financial News

TFVPM report: More than 35% of the world’s wealthy “family offices” are ready to invest in cryptocurrencies

By: Get News

The U.S. Securities and Exchange Commission (SEC) recently sued two major cryptocurrency exchanges, Binance and Coinbase, leading to a decline in the cryptocurrency market. However, a global family office report released by UBS at the end of May pointed out that more than 35% of Family offices intend to increase exposure to cryptocurrencies.

Willy, a well-known analyst at cryptocurrency fund agency TFVPM, shared a report stating:

If you think cryptocurrencies are dead under current US regulation, here are some points, here is a page from the 2023 TFVPM report (minimum criteria is $50-100 million in investable assets), 35% plan to increase digital assets Exposure, only a 5% reduction is planned.

Family office investors are experiencing "the biggest change in strategic asset allocation in years," according to the report, which surveyed 230 family offices around the world with an average net worth of $2.2 billion.

Overall, 35% of family offices plan to invest in decentralized ledger/blockchain technology for the rest of the year, 27% plan to invest in cryptocurrencies, 25% plan to invest in DeFi, and 21% plan to invest in digital exchanges or tokens 11% plan to invest in digital assets, and 10% plan to invest in NFT.

The Nomura survey showed a similar situation: A previous survey conducted by Laser Digital, a digital asset investment company under Nomura Holdings, also showed that as many as 96% of professional investors believe that digital assets are an opportunity for investment diversification, as fixed income, cash, stocks and additional complement to traditional asset classes such as commodities.

45% of the respondents said that the proportion of digital assets they hold in the next 3 years will be between 5% and 10%, and only 0.5% said that they would not consider investing in digital assets at all.

However, about 90% of the respondents said that any digital asset fund or investment vehicle must be backed by a large traditional financial institution before they consider investing, and more than 76% of the respondents believed that legal or regulatory restrictions may It will hinder any investment in digital asset related products.

Media Contact
Company Name: TFVPM
Contact Person: Evan Smith
Email: Send Email
Country: United States
Website: https://en.tfvpm1.com



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