While the crypto community is concerned about the Bitcoin price drop, billionaires are increasingly falling in love with cryptocurrencies.

A recent study by “Goldman Sachs” revealed that at least 45% of wealthy family offices are interested in investing large amounts of money in cryptocurrencies.

Family offices are companies responsible for managing the money of billionaires like Jeff Bezos from Amazon, Sergey Brin, co-founder of Google, or Jack Ma from Alibaba.

In general, each office manages the family fortune.

Family offices usually tend to put their clients’ money into lucrative but traditional investments such as private equity, real estate or mutual funds.

But according to a Goldman Sachs study, the growth of cryptocurrencies is beginning to attract the attention of an increasing number of billionaires.

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Family offices looking into cryptocurrency:

Goldman Sachs found that 15% of family offices have already invested some of their clients’ wealth in cryptocurrency.

An additional 45% are looking to invest in cryptocurrencies in the near future, given the difficult conditions the global financial system is going through.

The study and report you obtained indicate Bloomberg In spite of the volatility of cryptocurrencies, they are establishing themselves as an attractive investment among the wealthy.

What was stated in the study:

Family offices believe that cryptocurrencies can be a way to hedge against high inflation, prolonged low rates, and other macroeconomic developments after a year of unprecedented global fiscal and monetary stimulus.

Apparently, the growing popularity of SPACs – short for Special Purpose Acquisition Companies – has fueled investor appetite.

Crypto is the new internet.

According to Ms. Mina Flynn, partner and global co-chair of private wealth management at Goldman Sachs, the ultra-wealthy are interested in investing in cryptocurrencies, not only because of the hype but also because of the potential impact of this technology in the future.

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Flynn said:

It seems that the assumption that cryptocurrencies can be just as important as the rise of the Internet is not limited to Bitcoin enthusiasts.

The majority of families want to talk to us about blockchain technology…Many believe that this technology will have the same impact as the Internet in terms of efficiency and productivity.

Cryptocurrencies have recently gained enormous legitimacy, given you the large and prestigious institutions that are coming to it, which is what we touch on almost daily as headlines of news articles on Arab Bitcoin.

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