#Financial advisors are bullish on cryptocurrency.#
Hot Topic Overview
Overview
A growing number of financial advisors are bullish on cryptocurrencies. A recent report by Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in crypto this year, with the outcome of the 2024 US election shifting market sentiment. In 2024, a record 96% of advisors answered client inquiries about cryptocurrencies. Additionally, the percentage of advisors allocating crypto in client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Advisors who have not yet allocated crypto are increasingly likely to do so, with 19% planning to invest in 2025, while 99% of those already investing in crypto plan to maintain or increase their investments.
Ace Hot Topic Analysis
Analysis
A new report from Bitwise and VettaFi shows that more and more financial advisors are taking a positive stance on cryptocurrencies. The report surveyed 430 financial advisors, revealing that 56% of advisors are more likely to invest in cryptocurrencies this year, while 99% of advisors who already invest in cryptocurrencies plan to maintain or increase their investments. In 2024, a record high 96% of advisors responded to client inquiries about cryptocurrencies, up from 88% in 2023. This suggests that the surge in cryptocurrency prices and increased regulatory transparency have led to greater interest from both clients and advisors. The report also highlights that advisors who haven't yet allocated to cryptocurrencies are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. This indicates that cryptocurrencies are likely to become a part of more investment portfolios in the coming years.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
More and more financial advisors are positive about cryptocurrencies and plan to increase their investments in the future.
Rising cryptocurrency prices in 2024 and increased regulatory transparency have led more clients to consult with financial advisors about cryptocurrency investments.
An increasing number of financial advisors are incorporating cryptocurrencies into their clients' portfolios, particularly institutional investors and registered investment advisors.
Client interest in cryptocurrency investments is also increasing, with many clients investing in cryptocurrencies independently of their financial advisors.