Research: The market value of cryptocurrencies owned by the family office accounts for about 4% of the total market value of cryptocurrencies

Research: The market value of cryptocurrencies owned by the family office accounts for about 4% of the total market value of cryptocurrencies

2021/11/18

According to reports, according to research by the family business Campden Wealth, an average of 1% of the family office's portfolio is invested in cryptocurrencies. The family office handles an average of US$1 billion in family wealth, which means that each family owns approximately US$11 million in cryptocurrency. In addition, Campden Wealth's 2019 report estimates that there are 7,300 single-family offices worldwide, and today this number may be even higher. Therefore, their total cryptocurrency wealth is approximately US$80.3 billion. According to data from CoinMarketCap, the market value of cryptocurrencies in August was $1.9 trillion. This means that the family office collectively owns approximately 4.2% of the entire digital asset market. Campden Wealth said that many family offices around the world are optimistic about the crypto market. 28% of these companies plan to increase crypto investment in 2022, and some have increased a considerable portion. But still, 4% of family offices plan to reduce their exposure to cryptocurrencies next year because of concerns about market volatility and policy risks.

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