#Crypto Advisory Investment Enthusiasm is High#
Hot Topic Overview
Overview
Crypto advisors' enthusiasm for cryptocurrency investments continues to surge. A new report from Bitwise and VettaFi found that 56% of financial advisors are more likely to invest in crypto this year, with the outcome of the 2024 US presidential election shifting market sentiment. In 2024, a record high of 96% of advisors fielded client inquiries about crypto, up from 88% in 2023. Additionally, the percentage of advisors allocating crypto in their clients’ portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. The report also noted that advisors who haven't yet allocated crypto are increasingly inclined to do so, with 19% planning to invest in 2025, up from 8% last year. Meanwhile, 99% of advisors already invested in crypto plan to maintain or increase their investments.
Ace Hot Topic Analysis
Analysis
Cryptocurrency advisor enthusiasm for cryptocurrency investing is surging. A new report by Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in crypto this year, driven primarily by soaring crypto prices in 2024 and increased regulatory clarity. The report, which surveyed 430 financial advisors with qualified responses, found that 96% of advisors fielded client questions about crypto in 2024, up from 88% in 2023, marking an all-time high. Furthermore, the percentage of advisors allocating crypto in client portfolios doubled year-over-year, jumping from 11% in 2023 to 22% in 2024. Institutional investors and registered investment advisors are the most likely to allocate crypto. Notably, 99% of advisors who have already invested in crypto plan to maintain or increase their investment, while 19% of advisors who haven't allocated crypto plan to invest in 2025, up from 8% last year. This indicates the growing popularity of crypto within the finance sector, as more advisors and clients embrace this emerging asset class.
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Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency investing is becoming increasingly popular among financial advisors, with 56% of advisors more likely to invest in crypto this year.
The outcome of the 2024 US election impacted market sentiment, driving growth in cryptocurrency investing.
An increasing number of clients are inquiring about cryptocurrency, with 96% of advisors answering client questions about crypto in 2024.
Most advisors who have already invested in crypto plan to maintain or increase their investments, with 99% of advisors planning to maintain or increase their investment in 2025.