Family Offices Likely to Invest in Bitcoin; Don’t Count on Banks

Institutional investors are far from homogenous and while some have already invested in cryptoassets others may never do this, Nick Prince, Financial Strategy Analyst at major crypto exchange Coinbase, said. Family offices are the most likely to invest in crypto, and banks/insurance companies the least, he added.

In his recent blog post, Prince listed types of institutional investors in order of likelihood to invest in crypto, from most to least likely. The analyst said that the post was written while he still worked at the Santa Barbara County Pension Fund in the US last fall and doesn’t “incorporate any new information since I joined Coinbase.”

Types of institutional investors in order of likelihood to invest

1. Family offices

Family offices are responsible for managing the wealth of individuals or families and, among the investment teams mentioned here, these get the least amount of public oversight. These investors are awarded an accredited or…