#Financial advisors are bullish on cryptocurrencies.#
Hot Topic Overview
Overview
Recently, an increasing number of financial advisors are bullish on cryptocurrency. A report by Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in cryptocurrency this year, while 99% of advisors who have already invested in cryptocurrency plan to maintain or increase their investments. The surge in cryptocurrency prices and increased regulatory clarity in 2024 have sparked greater interest among clients and advisors. The report surveyed 430 financial advisors with qualified responses, revealing that 96% of advisors responded to client inquiries about cryptocurrency in 2024, a record high compared to 88% in 2023. Furthermore, the proportion of advisors allocating cryptocurrency in client portfolios 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. Advisors who have not yet allocated cryptocurrency are increasingly inclined to do so, with 19% planning to invest in 2025, up from 8% last year.
Ace Hot Topic Analysis
Analysis
A new report by Bitwise and VettaFi shows that more financial advisors are bullish on cryptocurrencies. The report surveyed 430 financial advisors, revealing that 56% are more likely to invest in crypto this year, driven by a shift in market sentiment influenced by the outcome of the 2024 US election. In 2024, 96% of advisors answered client inquiries about crypto, an all-time high, up from 88% in 2023. Additionally, the percentage of advisors allocating crypto to client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and large brokerage firms represent the most likely to allocate crypto. The report also found that advisors who haven't yet allocated crypto are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. Meanwhile, 99% of advisors already investing in crypto plan to maintain or increase their investments.
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.
The rise in cryptocurrency prices and increased regulatory transparency in 2024 have led more clients to consult financial advisors about cryptocurrency investments.
More and more clients are independently investing in cryptocurrencies, but financial advisors are also starting to incorporate cryptocurrencies into client portfolios more often.
While some financial advisors have not yet allocated cryptocurrencies, a growing number of them plan to invest in the future.