Rich families still have appetite for cryptocurrencies in spite of the recent crash.
A recent Goldman Sachs survey of more than 150 family offices around the globe shows that 45 percent of them are interested in investing in cryptocurrencies, Bloomberg reports.
Notably, 15 percent of survey participants already have exposure to the nascent asset class.
Those who are looking to get in on the cryptocurrency frenzy are worried about a long-lasting low-interest-rate environment and rising inflation.
Last week, U.S. Treasury Secretary Janet Yellen forecasted several months of “rapid inflation.”
Family offices are private companies that are responsible for handling the riches of wealthy families. With over $70 billion in total assets under management, Microsoft co-founder Bill Gates' Cascade Investment is the largest investment company of this type.
Nearly one-fifth of those family offices that participated in the aforementioned survey have more than $5 billion in assets under management.
As reported by U.Today, Soros Fund Management, the family office of billionaire George Soros, greenlit Bitcoin trading last month.