A recent report by JPMorgan Private Bank reveals that 89% of family offices surveyed across 30 countries have not invested in cryptocurrencies. Despite rising geopolitical risks, these offices show limited interest in hedging tools like crypto and gold, with 72% not holding gold. The report highlights concerns over crypto's high volatility and unstable correlation with other assets, leading many family offices to remain cautious. Only 17% consider crypto as a potential future investment theme, while 65% plan to invest in AI.