#Crypto advisors are bullish on the crypto market.#
Hot Topic Overview
Overview
Crypto advisors are optimistic about the crypto market. A report by Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in cryptocurrency this year, and 99% of advisors who already invest in crypto plan to maintain or increase their investments. The surge in cryptocurrency prices in 2024 and increased regulatory clarity have sparked greater interest among clients and advisors, with 96% of advisors fielding inquiries from clients about crypto, a record high. The report also shows that an increasing number of advisors plan to invest in crypto in 2025, indicating growing recognition and support for the crypto market.
Ace Hot Topic Analysis
Analysis
Crypto advisors are becoming more bullish on the crypto market. A new report from Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in cryptocurrencies this year, with the outcome of the 2024 US election changing market sentiment. In 2024, 96% of advisors responded to client inquiries about cryptocurrencies, a record high and up from 88% in 2023. In addition, the proportion of advisors allocating cryptocurrencies in client portfolios doubled year-on-year, rising from 11% in 2023 to 22% in 2024. Institutional investors and Registered Investment Advisors are the most likely to allocate cryptocurrencies. Advisor clients are also increasingly taking independent positions in cryptocurrencies, with 71% investing in cryptocurrencies independently of their advisors by 2024. Advisors who have not yet allocated to cryptocurrencies are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. Meanwhile, 99% of advisors who have already invested in cryptocurrencies plan to maintain or increase their investments. The report surveyed 430 qualified responses from financial advisors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The cryptocurrency market outlook is positive, with more and more financial advisors planning to invest or increase their cryptocurrency investments.
The 2024 US election results have impacted market sentiment, driving more financial advisors' interest in cryptocurrency.
Client inquiries about cryptocurrency have increased, with more and more clients investing independently in cryptocurrency.
Institutional investors and Registered Investment Advisors (RIAs) are the primary groups allocating to crypto.