Asian family offices are becoming more interested in investing in cryptocurrencies, particularly Bitcoin, as its price continues to rise. These offices, which are already invested in crypto, are looking to increase their allocations and explore how digital assets can mitigate portfolio risk and boost returns. They are considering various channels for exposure, including direct investments, crypto funds, structured products, and private equity ventures. Asian family offices are leading the way in diversified crypto exposure, with allocations ranging from 1% to 5%. Favorable regulations in Singapore and Hong Kong are fueling the interest in cryptocurrencies. Crypto hedge funds are seen as the most attractive strategy for these offices. Family offices have learned from past experiences and are adopting smarter allocation strategies with realistic expectations. They understand the importance of regulations and infrastructure for long-term crypto investments. Wealth managers predict that the upcoming Bitcoin halving could lead to a price surge, as it reduces the supply of new coins. Asian family offices’ growing interest and sophistication in crypto could contribute to a positive outlook for the rest of the year. Despite the bearish market in 2023, family offices globally, including those in Asia, increased their crypto allocations. Goldman Sachs reported that 32% of family offices currently invest in digital assets, with a rising proportion investing specifically in cryptocurrencies.
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