Family Offices Grappling with Cryptocurrency Investment Prospects: BNY Mellon

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Though cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago, they remain strikingly split over the role of the asset class.2024 BNY Mellon Wealth Management Study, approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class.

Additionally, 30% or more attribute their interest in digital assets to the influence of the current leadership or the next generation within the family office. “True to their entrepreneurial nature, family offices are showing themselves ready and willing to move into new and emerging opportunities. Cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago.”

 

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