#Encryption Advisors Increase Investment#
Hot Topic Overview
Overview
Interest in cryptocurrency investment is rising among financial advisors. According to a recent report by Bitwise and VettaFi, 56% of financial advisors are more likely to invest in cryptocurrency this year, while 99% of advisors who have already invested in crypto plan to maintain or increase their investments. The surge in cryptocurrency prices in 2024 and increased regulatory clarity have sparked greater interest from both clients and advisors. The report surveyed 430 qualified responses from financial advisors, revealing that 96% of advisors answered client inquiries about cryptocurrency in 2024, a record high compared to 88% in 2023. Additionally, the proportion of advisors allocating cryptocurrency in client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and representatives of large securities firms were the most likely groups to allocate cryptocurrency.
Ace Hot Topic Analysis
Analysis
Interest in cryptocurrency investing among financial advisors is on the rise. A recent report from Bitwise and VettaFi revealed that 56% of financial advisors are more likely to invest in cryptocurrency this year, while 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 driven greater interest from both clients and advisors. In 2024, 96% of advisors answered client inquiries about cryptocurrency, a record high, up from 88% in 2023. Furthermore, the percentage 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’ clients are also increasingly taking independent stances in cryptocurrency, with 71% of clients investing in cryptocurrency independently of their advisors by 2024, up from 59% in 2023. The report also revealed that advisors who have not yet allocated cryptocurrency are becoming more inclined to do so, with 19% planning to invest in 2025, up from 8% last year.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency investment is becoming increasingly popular among financial advisors, with 56% of advisors more likely to invest in crypto this year.
Client interest in crypto is growing, with 96% of advisors answering client inquiries about crypto in 2024, up from 88% in 2023.
More advisors are including crypto in client portfolios, rising from 11% in 2023 to 22% in 2024.
The vast majority (99%) of advisors who have already invested in crypto plan to maintain or increase their investment.