#Cryptocurrency advisors are bullish on cryptocurrency investments.#
Hot Topic Overview
Overview
Cryptocurrency investments are gaining increasing favor among financial advisors. According to a recent report by Bitwise and VettaFi, 56% of financial advisors are more likely to invest in crypto this year, while 99% of advisors who have already invested in crypto plan to maintain or increase their investments. The surge in cryptocurrency prices in 2024 and increased regulatory transparency have sparked greater interest from clients and advisors alike. The report, which surveyed qualified responses from 430 financial advisors, revealed that 96% of advisors answered client inquiries about crypto in 2024, up from 88% in 2023. Furthermore, the proportion of advisors allocating cryptocurrency in client portfolios has doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors and registered investment advisors are most likely to allocate cryptocurrency.
Ace Hot Topic Analysis
Analysis
Crypto advisors are bullish on cryptocurrency investing, with a new report from Bitwise and VettaFi showing that a growing number of financial advisors are planning to invest or increase their investments in cryptocurrency. The report, which surveyed 430 financial advisors, found that 56% of advisors are more likely to invest in cryptocurrency this year, with the outcome of the 2024 US election shifting market sentiment. In 2024, 96% of advisors answered client inquiries about cryptocurrency, a historic high, up from 88% in 2023. Additionally, the percentage of advisors allocating cryptocurrency in their clients' portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors and registered investment advisors were the most likely to allocate cryptocurrency. The report also found that advisors who have not yet allocated cryptocurrency are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. Meanwhile, 99% of advisors who already invest in cryptocurrency plan to maintain or increase their investments.
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Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency investments are becoming increasingly popular among financial advisors, with 56% of advisors more likely to invest in crypto this year.
The outcome of the 2024 US Presidential Election has impacted market sentiment, driving growth in cryptocurrency investments.
Clients are increasingly interested in cryptocurrency, with 96% of advisors answering client inquiries about crypto in 2024.
Most advisors already invested in cryptocurrency plan to maintain or increase their investment, with 99% of advisors stating that they will maintain or increase their investment in 2025.