Family Offices See Legitimacy in Securitized Bitcoin Investments
Investors with over $1tn in assets under management gathered at an event last night to judge if bitcoin is ready to be recognized as a mainstream asset class. Onstage, the event looked like countless other bitcoin demo days, but it was what transpired between the panelists and the audience of 110 estimated family offices investors, hedge fund investors and private equity firms that gave it a decidedly different twist. Myles Edwards, who represents ultra-high net-worth individuals and co-founded the New York Family Office Private Funds Roundtable, said his firm organized the event to learn....
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The number stops you in your tracks: 89%. According to a recent report from JP Morgan Private Bank, the vast majority of family offices, those quiet giants managing the fortunes of ultra-high-net-worth individuals, still have zero exposure to cryptocurrency. Given that the asset class has outperformed almost every traditional index over the last decade, this […]
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Per a Bloomberg report, around half of the family offices in business with Goldman Sachs want to invest in Bitcoin and cryptocurrencies. The banking giant conducted a survey with participation from around 150 family offices with a global presence. Data provided by Goldman Sachs revealed that 15% of the participants already have exposure to Bitcoin […]
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