#Encryption Advisor Adds to Investment#
Hot Topic Overview
Overview
Enthusiasm among crypto advisors for cryptocurrency investments is on the rise. A report by Bitwise and VettaFi found that 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. The outcome of the 2024 US presidential election shifted market sentiment, leading to more client inquiries about cryptocurrencies and driving the proportion of advisors allocating to crypto from 11% in 2023 to 22% in 2024. Despite this, 19% of advisors plan to invest in crypto for the first time in 2025, indicating that the industry still has room for growth.
Ace Hot Topic Analysis
Analysis
The trend of financial advisors increasing their investment in crypto is becoming increasingly apparent. According to the latest report from 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 investment. The outcome of the 2024 US election has shifted market sentiment, with surging crypto prices and increased regulatory transparency driving greater interest from both clients and advisors. In 2024, 96% of advisors answered client inquiries about crypto, a historical high. Institutional investors and registered investment advisors are the most likely to allocate crypto, followed by large securities firm representatives. An increasing number of clients are also investing independently in crypto, and advisors who have not yet allocated to crypto are increasingly likely to do so, with 19% planning to invest in 2025. The report surveyed 430 financial advisors, with qualified responses reflecting a positive momentum in the crypto industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency investment is becoming increasingly popular among financial advisors, with more and more advisors allocating cryptocurrency to their clients' portfolios.
The surge in cryptocurrency prices and increased regulatory clarity in 2024 have driven client and advisor interest in cryptocurrency.
Most advisors who have already invested in crypto plan to maintain or increase their investment, and those who have not yet allocated to crypto are increasingly leaning towards doing so.
The outcome of the 2024 US presidential election impacted market sentiment and may have fueled financial advisor interest in cryptocurrency.