NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Crypto Fund Manager: Few Family Offices Actually Own Bitcoin Directly

Nick Chong
Nick Chong
6 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Last year, the “institutions are coming” narrative became heavily cited in the Bitcoin and crypto space. You see, back then, investors were grasping for straws, trying to find some glimmers of hope in a roaring bear market.

Related Reading: Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist

Unfortunately, the narrative wasn’t and purportedly still isn’t entirely accurate. A prominent industry commentator and cryptocurrency fund manager recently argued that nearly all the family offices he surveyed are not in the spot digital asset game. Yikes.

Family Offices Aren’t Holding Bitcoin and Crypto

Back in 2017, the Family Office Association’s Angelo Robles claimed in an interview with Bitcoin.com that single-family offices have started to adopt Bitcoin, purportedly to try and diversify their portfolios to hedge against risk.

According to a recent tweet from Spencer Noon, a partner at DTC Capital and industry commentator, this might not be true. Citing his anecdotal discussions with 30 family offices that have assets under management of over $1 billion, he claimed that only one office holds spot cryptocurrency.

This contradicts the popular narrative that the “institutional herd is here”.

Just heard this stat from an investor at an event with 30 Family Offices, all with $1B+ AUM:

Only one Family Office holds any crypto directly.

— Spencer Noon 🕛 (@spencernoon) August 26, 2019

 

Noon’s comment comes in stark contrast to what Coinbase’s CEO, Brian Armstrong, explained on Twitter earlier this month. As NewsBTC detailed at the time, the cryptocurrency entrepreneur suggested that there is no question that institutions are starting to make bonafide forays into “crypto”.

Citing data from his firm’s deposits, there is around $200 million to $400 million worth of cryptocurrencies deposited into Coinbase’s coffers each week from “institutional customers”.

Our analysis and extrapolation suggested that this means that a majority of the deposits that Coinbase’s platforms receive are institutionally-sourced.

Related Reading: Crypto Analyst: Last Leg Down for Bitcoin Correction Coming This Week

Only a Matter of Time

It may only be a matter of time before such funds and their ilk come into the Bitcoin space.

For instance, Fidelity Investments — the prominent asset manager — found earlier this year that effectively half of the institutions that they surveyed believe that Bitcoin and crypto assets have a home in their portfolios. Yet, they currently see issues with security and custody, which may soon be solved through solutions like Bakkt.

Regardless, the case to include Bitcoin in traditional portfolios is clearly growing. Delphi Digital, a New York-based cryptocurrency market research outfit, published a similar argument in December of 2018, in the midst of Bitcoin’s 85% sell-off from the $20,000 peak.

In its seminal “State of the Network” report, the firm wrote that “using a simple tiered-allocation analysis,” a portfolio that is made up of 57% stocks, 40% bonds, and 3% Bitcoin yielded the highest Sharpe Ratio (a popular measure of a portfolio’s risk-return potential) and sported the smallest max drawdown in simulated scenarios.

The macroeconomic backdrop is also showing that Bitcoin — or at least an alternative system is needed.

China and the U.S. are currently duking it out, implementing tariffs and imposing interesting monetary policies. Hong Kong has been subject to months of unrest due to protests, resulting in a falling stock market. Foreign currencies are falling against the U.S. Dollar, with the Argentinian Peso shedding 15% on Monday. Global debt continues to set records, especially as nations continue to try and boost their economies through fiscal spending, and so on and so forth.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price news

Is The Dogecoin Bottom In? Confluence Of Signals Says Yes

The Dogecoin daily chart is clustering several classical support signals around $0.256–$0.265, as highlighted by Cantonese Cat (@cantonmeow) via X:...

Jake Simmons 1 hour ago
Dogecoin news

Dogecoin Price Eyes 1,250% Surge To $3.5 – Here’s The Roadmap

The Dogecoin price recorded one of the most notable recoveries over the weekend, rising by more than 15% to reach...

Scott Matherson 2 hours ago
Viral Meme Coin Pudgy Pandas Sparks Maxi Doge Presale to Soar Beyond $2M

Viral Meme Coin Pudgy Pandas Sparks Maxi Doge Presale to Soar Beyond $2M

A new meme coin from China, Pudgy Pandas ($PANDA), raised over $300K in one day on presale, gaining significant attention...

Aaron Walker 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Previsioni Ethereum: Scenari Futuri Secondo Citigroup 

clararosati 47 minutes ago
ethereum koers, ethereum verwachting, eth koers, ethereum verwachting, altcoin

ETH koers klaar voor 77% stijging door enorme bull flag vandaag

Lars Diederiksen 41 minutes ago
perpetual-futures-crypto

Perpetual Futures Crypto : guide complet

guillaumev 59 minutes ago

Premium Sponsors

Press Releases

  • アルトコイン市場が加速する中で注目される低時価総額コイン3選

    ...

    5 minutes ago
  • PEPEと共に市場の注目を集める中、次なるスターは?

    シバコイン...

    6 minutes ago
  • 英米テックブリッジがデジタル資産を視野に入れる中で注目されるアルトコイン

    ...

    7 minutes ago
  • 仮想通貨おすすめ:注目のミームトークンで36億枚のバーンが進行中

    ...

    7 minutes ago
  • ico仮想通貨:新しいミームコインゲームが1.18百万ドル調達、現行ラウンドは残り2日

    ...

    7 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.