Dear Bruce,

Thank you for taking the time to read my piece as well as for your response. My personal experience from family offices is that given the size of their overall holdings, cryptocurrencies form a small portion as a hedge in case the markets should suddenly soar again.

As you rightly point out, no asset manager for a HNWI will want to be confronted by an irate client with the allegation, “How come you never looked into crypto?”

Not exactly FOMO, but more of a “just in case.”

Patrick