89% of global family offices shun crypto investments

A total of 89% of global family offices still do not include cryptocurrency in their portfolios, CoinDesk reported, citing a JPMorgan report. According to the report, demand for using cryptocurrency as a hedge was limited even amid growing geopolitical uncertainty. In fact, 72% of family offices do not invest in gold either, indicating a low preference for both traditional and emerging hedge assets. Despite the continued prominence of crypto-related issues, most family offices are maintaining a wait-and-see approach, constrained by high volatility and unstable asset correlations. However, 17% of respondents said they are considering cryptocurrencies and digital assets as a key investment theme in the medium to long term. In contrast, 65% identified AI as a core investment area. The survey was conducted on 333 family offices across 30 countries, with an average net worth of $1.6 billion.