According to Goldman Sachs, Wealthy Families Are Interested in Bitcoin

According to a recent survey from banking giant Goldman Sachs, wealthy families are interested in the leading cryptocurrency Bitcoin.

Goldman Sachs, one of the world's leading banks, recently conducted a survey of more than 150 companies that manage the wealth of wealthy families around the world. More than half of the companies participating in the survey stated that they have already invested in cryptocurrencies and that they are willing to invest. While 15 percent of the participants stated that they are currently investing in cryptocurrencies, 45 percent expressed that they are interested in cryptocurrencies as a precautionary measure for high inflation, long-term low interest rates and other macroeconomic developments. While 22 percent of the companies surveyed have more than $5 billion in assets under management, 45 percent have assets ranging from $1 billion to $4.9 billion. Meena Flynn, Co-Chair of Private Wealth Management at Goldman Sachs, said the following about the increasing interest of investment companies in crypto assets after the survey: “Many people think this technology will be as effective as the internet.” In addition, Flynn stated that his wealthy customers talked to them about blockchain and digital ledger technology, and that their customers also thought that this technology would be as effective as the internet in terms of efficiency and productivity. The survey proved that cryptocurrencies, which are becoming more and more ingrained in our lives, are also welcomed by wealthy families.