56% of US Advisors Eye Crypto After 2024 Elections
As cryptocurrencies continue to gain traction in the mainstream economy, their adoption is expanding beyond niche circles. A new survey from asset management firm Bitwise confirms this claim.
The survey provides insight into how U.S. financial advisors are integrating cryptocurrencies into client portfolios and planning for the future.
Cryptocurrency goes mainstream: 56% of advisors more likely to invest
this opinion pollThe survey, conducted between November 14 and December 20, 2024, revealed a significant shift in financial advisors’ views and actions regarding cryptocurrencies.
One surprising outcome of the 2024 U.S. election is a significant rise in enthusiasm for cryptocurrencies among advisors. Some 56% of advisors surveyed said the election results made them more likely to invest in cryptocurrencies in 2025.
There has been a surge in the number of advisors including cryptocurrencies in client portfolios. In 2024, 22% of advisors reported having cryptocurrency allocated to client accounts, a significant increase from 11% in 2023.
According to the survey, Demand for cryptocurrencies Relationships between customers are stronger than ever. Additionally, 96% of advisors reported receiving Questions about cryptocurrency 2024 from their customers.
Among advisors already invested in cryptocurrencies, 99% plan to maintain or increase their cryptocurrency allocations in 2025.
“If you had any doubt that 2024 was a huge tipping point for cryptocurrencies, this year’s survey puts it to rest. Advisors are realizing the potential of cryptocurrencies like never before, and they’re allocating to them like never before. But Perhaps most alarming is how much room we have to run, two-thirds of financial advisors—who advise millions of Americans and manage trillions in assets—still don’t have access to cryptocurrencies for their clients,” said Bitwise Chief. Information Officer Matt Hougan noted.
Additionally, 19% of advisors who previously avoided cryptocurrencies said they now “definitely” or “probably” plan to invest in crypto assets for clients. This marks a significant increase from 8% in 2024.
However, despite the increasing adoption of cryptocurrencies, access remains a challenge. Only 35% of consultants can Buy cryptocurrencies directly Among customer accounts, barriers to wider adoption are highlighted.
Looking forward to 2025, Crypto Stock ETFs Still the most popular cryptocurrency investment vehicle. This preference reflects growing interest in investment products that offer cryptocurrency markets rather than individual cryptocurrencies.
While concerns about regulatory uncertainty remain, they have subsided compared to previous years. 50% of advisors see regulatory challenges as major hurdle by 2024, down from 60-65% in 2024 early investigationindicating that clarity is improving.
also, bit-by-bit survey 400 financial advisors, including independent registered investment advisors, broker-dealer representatives, financial planners and broker-dealer representatives from across the United States.
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