The world's largest family offices are betting on artificial intelligence, leaving cryptocurrencies largely overlooked. This is detailed in a report by JPMorgan.
The bank surveyed 333 management firms across 30 countries. 65% of respondents view AI technologies as a priority investment area, while only 17% (56 offices) consider digital assets a key focus.
In actual portfolios, cryptocurrencies are nearly absent. 89% of survey participants reported no exposure to this asset class. The average allocation of digital currencies in global capital distribution is just 0.4%, with Bitcoin accounting for 0.2%.
Investors are also ignoring gold, with 72% of respondents indicating zero investments in the precious metal. Bank analysts noted a low appetite for safe-haven assets despite geopolitical concerns.
The leading sector for planned investments is private equity, with 37% of offices intending to increase their allocation in this area over the next 12-18 months. There is growing interest in venture capital and growth equity investments, seen as a way to enter early-stage AI projects.
Respondents identified geopolitical risks as the main threat to their portfolios (20%), followed by liquidity issues and trade policy (12% each).
As a reminder, in January, JPMorgan experts predicted an influx of major players into the crypto industry.