#Encryption Advisor Increases Investment#

The enthusiasm of financial advisors for cryptocurrency investments is steadily rising. According to a recent report from Bitwise and VettaFi, 56% of financial advisors are more likely to invest in cryptocurrencies this year, while 99% of advisors who have already invested in crypto plan to maintain or increase their investments. This trend is largely driven by the surge in cryptocurrency prices in 2024 and increased regulatory clarity, attracting more clients and advisors alike. In 2024, a record 96% of advisors answered client inquiries about cryptocurrencies, up from 88% in 2023. Additionally, the proportion of advisors allocating cryptocurrencies in client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors and Registered Investment Advisors are among the most likely groups to allocate cryptocurrency. Notably, an increasing number of clients are also investing in cryptocurrencies independently, with 71% of clients investing in cryptocurrencies independently of their advisor by 2024. The report reveals that advisors who haven't yet allocated cryptocurrency are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. These figures indicate that cryptocurrency investment is rapidly gaining traction among the financial advisor community and is projected to continue growing in the coming years.