Everyone confidently hopes that cryptocurrency will grow in the next 5 years, but everyone can be ...
Cointelegraph
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56% of advisers more likely to invest in crypto after Trump win: Bitwise survey
More than half of US-based financial advisers responding to a survey by Bitwise said they’re more inclined to invest in crypto due to Donald Trump’s United States presidential election victory.
Bitwise’s latest survey — conducted from Nov. 14 to Dec. 20 — asked 430 financial advisers about their attitudes toward crypto, with 56% indicating they are more likely to invest in crypto this year following the US election results on Nov. 5.
The crypto industry is widely anticipating Trump’s help in steering the US toward a crypto-friendly environment. Jack Mallers, founder and CEO of Strike, said it’s possible that Trump could issue an executive order on his first day in office, designating Bitcoin (BTC) as a US reserve asset.
Among those advisers already investing, almost all (99%) “plan to either maintain or increase” their crypto exposure this year. A similar percentage of advisers said clients have started asking questions about crypto over the past year.
Bitwise chief investment officer Matt Hougan said:
“Advisors are awakening to crypto’s potential like never before and allocating like never before.”
Meanwhile, 71% of advisers reported that their clients were investing in crypto independently, with advisers seeing it as a chance for future growth.
“These held-away assets represent a major business opportunity for advisers seeking to help clients integrate crypto into a broader wealth plan,” Bitwise said.
Access is still a “major barrier” to crypto adoption
However, Bitwise said that access “remains a major barrier to adoption.”
“Only 35% of advisers said they are able to buy crypto in client accounts,” Bitwise said.
Bitcoin is trading at $93,240 at the time of publication. Source: CoinMarketCap
Bitcoin’s price has been experiencing volatility as of late, dropping to $92,500 on Jan. 8 after briefly surpassing the $100,000 psychological price level on Jan. 7 for the first time since Dec. 19.
Meanwhile, Bitcoin reserves held by US-based entities continue to grow significantly compared to those held offshore.
US entities’ Bitcoin reserve share reached an all-time high as of Jan. 9, with reserves 65% greater than those held by non-US entities, CryptoQuant data revealed.
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Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.