🎨 After Trump's victory, financial advisors are increasingly focusing on cryptocurrency
A recent survey by Bitwise shows that many financial advisors have been considering investing in the cryptocurrency market since Trump's election.
22% of investment advisors reported that they allocated cryptocurrency in their clients' accounts in 2024. This is double the rate of 2023 (11%) and higher than in any previous year.
During the period from November 14 to December 20 last year, 430 financial advisors who participated in the survey generally expressed a more optimistic view than ever before. Bitwise Chief Investment Officer Matt Hougan believes that the survey results will dispel doubts about whether 2024 will be a turning point for cryptocurrency, and professionals are increasingly optimistic about the potential of cryptocurrencies, with allocation levels reaching new heights.
In the past year, client interest in cryptocurrency has surged, with 96% of wealth managers receiving inquiries from clients about cryptocurrencies. Among clients who already have cryptocurrency allocations, 99% plan to continue holding or even increase their holdings in 2025.
Additionally, 19% of financial advisors plan to make their clients' first cryptocurrency purchases in 2025, compared to only 8% last year. Furthermore, 71% of advisors reported that their clients have independently included cryptocurrencies in their personal investment portfolios.
Despite clients' strong interest in cryptocurrencies, only 35% of financial advisors are actually able to make purchases, with most still not entering the space. However, Hougan believes that as the cryptocurrency industry moves towards the mainstream, this percentage will increase in 2025. Meanwhile, although regulatory uncertainty remains an issue, its impact has diminished, with only 50% viewing it as the main barrier to future growth, a significant decrease from the previous 60% to 65%.
Bitwise has announced plans to establish a new fund focused on investing in companies holding over 1,000 BTC. They are extremely optimistic about 2025, declaring that the “golden age of cryptocurrency” is approaching.
With the increase in market activity, the cryptocurrency market may usher in a prosperous scene that is worth our collective attention.
💬 Do you think the cryptocurrency market will enter a “golden age” in 2025? If you were a financial advisor, would you recommend your friends and family invest in cryptocurrency?
