This summer’s extreme market volatility created what’s being called a ‘cryptowinter’ for digital assets. Yet while the difficult conditions tested investors’ nerves, they are far from putting allocations on ice. State Street’s third Digital Digest explores the ongoing appeal of cryptocurrencies.
The year 2021 was a big one for cryptocurrency, filled with new milestones and historical developments, but major asset owners are still keeping the emerging asset class at arm’s length.
With flexible mandates and long-term horizons, family offices are increasingly looking for exposure to digital assets, but the sector is still clouded by volatility.