Trump Victory Spurs More Financial Advisors to Consider Crypto Investments: Survey

Trump Victory Spurs More Financial Advisors to Consider Crypto Investments: Survey


The post Trump Victory Spurs More Financial Advisors to Consider Crypto Investments: Survey appeared on BitcoinEthereumNews.com.

A recent survey by Bitwise has revealed a rise in cryptocurrency interest among U.S.-based financial consultants following Donald Trump’s return to the White House. The findings indicate that 56% of respondents are now more inclined to invest in crypto due to the results of the 2024 U.S. election. Surge in Crypto Allocation and Interest The study, conducted between November 14 and December 20 last year, asked 430 financial advisors about their views on crypto. In a January 9 post on X, Bitwise emphasized that the outcome was “more bullish than ever.” “If you had any doubt that 2024 was a massive inflection point for crypto, this year’s Bitwise/VettaFi survey dispels it,” said Matt Hougan, the firm’s chief investment officer. He added that professionals are increasingly recognizing the potential of cryptocurrency, leading to unprecedented levels of allocation. Digital asset apportionments have also doubled year-over-year, reaching an all-time high. According to the survey, 22% of consultants reported allocating crypto to client accounts in 2024, a major increase from 11% in 2023. Client interest in the asset class is also at an all-time high, with 96% of wealth managers receiving inquiries from customers about it last year. Furthermore, there was a tendency to retain such investments, with 99% of those who currently have allotments in customer accounts planning to either maintain or raise the amount in 2025. The report also revealed that financial consultants are more inclined to make initial purchases for their customers. Of those who have not yet ventured into the sector, 19% are “definitely” or “probably” planning to do so in 2025 compared to the 8% reported the previous year. Many consumers are also making crypto investments independently. 71% of the advisors reported that “some” or “all” of their clients are adding them to their portfolios without their involvement. Meanwhile,…



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