While the interest in crypto investments was arising last year among home offices, 2023 remarked a heavy decline in investors ’ certainty about the digital assets market. 
While the interest in crypto investments was on the upgrade last year among home offices, 2023 remarked a massive decline in investors ’ certainty about the digital assets market.
According to a Goldman Sachs report issued on May 8 titled “ Eyes on the Horizon Family Office Investment Insights, ” 32 family offices presently hold investments in digital assets. This category includes cryptocurrencies, nonfungible tokens (NFTs), decentralized finance (DeFi), and blockchain-concentrated funds.
Explaining their motivations for investing in digital assets, utmost (19%) cited a belief in the power of blockchain technology, with solely 8% and 9% citing speculation and portfolio diversification, collectively.
Related: Concern over banking crisis reaches levels unseen since 2008 — Poll
The proportion of investments in cryptocurrencies among investors interested in digital finance has uprisen significantly since 2021, from 16% to 26%. Still, the interest in potential investments in crypto has crashed this year, with exactly 12% of investors indicating it, downward from 45% in 2021. As highlighted in the report
“Opinions on cryptocurrencies seem to have crystallized: a greater proportion of family offices are now invested in cryptocurrencies, but the proportion that are not invested and not interested in investing in the future has grown more.”
The report is based on a survey administered between January and February 2023 via questionnaires distributed to home offices by email. Overall, 166 home offices are shared, 95 of which are grounded in the Americas, 34 in Europe and the Middle East, and 37 in the Asia Pacific.
Goldman Sachs showed among the topmost winners during the recent banking crisis, with numerous investors deciding to rotate their portfolio investments. Goldman Sachs ’ money funds have received $52 billion — a 13% growth — in the biggest monthly volume of inflows since the emergence of the COVID-19 pandemic.
(DAVID ATTLEE, Cointelegraph, 2023)