Family Offices Hesitant To Invest in Crypto and Gold Despite Geopolitical Uncertainty: J.P. Morgan Private Bank
Household workplaces stay cautious towards each crypto and gold regardless of persistent geopolitical uncertainty, based on a brand new survey from J.P. Morgan Personal Financial institution.
The report claims that portfolios are nonetheless closely concentrated in conventional property leaving crypto publicity extraordinarily restricted.
“On common, roughly 75% of property are allotted to a mix of public equities and alternate options investments, with U.S. large-cap equities dominating public holdings and drawdown funds main privates. Additionally revealing are the areas the place many workplaces will not be investing (Exhibit 4). Regardless of the headlines and hype round crypto and different digital property, the overwhelming majority of household workplaces (89%) stay on the sidelines.”
The financial institution added that this hesitation displays an unresolved debate inside the business itself.
“This might mirror a debate that we’re additionally having inside J.P. Morgan: What position ought to cryptocurrency and different digital property play in a portfolio, and, maybe extra importantly, how a lot ought to a portfolio personal, given their elevated volatility and inconsistent correlation with different property?”
The findings are based mostly on a web-based survey of 333 single household workplaces throughout 30 nations, together with 197 members in the US and 136 internationally, with responses anonymized and analyzed by an impartial analysis agency.
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