The Rich are now Investing in Crypto — Goldman Sachs

In a recent survey conducted by one of the leading financial institutions in the world, Goldman Sachs, it was revealed that family offices of some of the richest families in the world have the intention of investing in the crypto space. Another indication that the crypto space is enjoying wider acceptance and adoption as a viable investment option by the wider public.

According to the Goldman Sachs’ survey, 15 percent of its family office clients have already invested in the crypto space. While another 45 percent of them could be set to put their money into the space due to “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.”

In layman terms, the offices are looking at the crypto space due to the growing inflation rate in the world and the effects of the different economic stimulus governments around the world have been initiating in their attempts to kickstart the economy again. This, many analysts have argued, could lead to the depreciation of some of the world’s currency.

Earlier in the year, we reported that the leading financial institution was gearing to allow its rich clients to have access to crypto-related investment vehicles. The bank had regularly cited the growth of the industry has why it has had a rethink of its previous negative stance towards the space.

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