Family offices are reassessing their cryptocurrency investments following a $19 billion market loss in October. The downturn saw Bitcoin's value plummet by 30%, contributing to a $1 trillion reduction in the total crypto market capitalization. Despite the volatility, a BNY Mellon report indicates that 74% of family offices are either invested in or considering crypto assets.
A UAE-based family office likened the instability of cryptocurrencies to real estate fluctuations. While U.S. regulatory developments offer some optimism, interest in Bitcoin and altcoins is waning, as reflected in declining Google search trends. Analysts predict continued volatility in 2026, with Bitcoin's price potentially dropping to $10,000. Conversely, Arthur Hayes of Maelstrom suggests that increased Federal Reserve liquidity could propel Bitcoin to $200,000 by the end of the year.
Family Offices Reassess Crypto Holdings After $19 Billion Loss
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