AI Beats Out Crypto, Gold Investments for Family Offices in J.P. Morgan Survey

A recent survey of global family offices shows most aren’t allocating to crypto or gold, even though they rank geopolitics as their top risk. Instead, capital is flowing toward AI-related investments, framed less as a hedge and more as a long-term growth theme. The contrast says a lot about how large portfolios are thinking about risk today. [AI Beats Out Crypto, Gold Investments for Family Offices in J.P. Morgan Survey | Sandmark](https://www.sandmark.com/news/top-news/ai-beats-out-crypto-gold-investments-family-offices-jp-morgan-survey?utm_medium=referral&utm_source=redbot&utm_campaign=redbot-ww-en-brand)

What I find interesting isn’t that family offices are avoiding crypto, it’s that they’re also avoiding gold while saying geopolitics is their main concern. That is suggesting to me risk is being defined less as ‘protecting against shocks’ and more as ‘missing the next growth cycle.’ AI fits neatly into existing valuation frameworks, governance models, and career incentives in a way crypto still doesn’t.