tl;dr
A recent survey by Bitwise, an asset management firm, indicates a growing mainstream acceptance of cryptocurrency among US financial advisors. The survey, conducted between November 14 and December 20, 2024, reveals that 56% of advisors are more likely to invest in crypto due to the 2024 US election...
CRYPTO BECOMES MAINSTREAM: 56% OF ADVISORS MORE LIKELY TO INVEST
A recent survey by Bitwise, an asset management firm, indicates a growing mainstream acceptance of cryptocurrency among US financial advisors.
The survey, conducted between November 14 and December 20, 2024, reveals that 56% of advisors are more likely to invest in crypto due to the 2024 US elections.
The number of advisors incorporating crypto into client portfolios has doubled since 2023, with 96% of advisors reporting client inquiries about cryptocurrency.
Despite growing interest, only 35% of advisors have direct access to purchasing crypto for clients, with crypto equity ETFs being the preferred investment vehicle.
Survey Shows Rise in Crypto Allocations Over the Years
A surprising outcome of the 2024 US elections has been the marked increase in advisors' enthusiasm for cryptocurrency. About 56% of surveyed advisors stated that the election results made them more likely to invest in crypto in 2025.
The demand for crypto among clients is stronger than ever, with 96% of advisors reported receiving questions about cryptocurrency from their clients in 2024.
Among advisors already investing in crypto, 99% plan to either maintain or increase their crypto allocations in 2025.
Survey Shows Rising Interest in Crypto Investments in 2025
Moreover, 19% of advisors who had previously avoided crypto exposure said they are now "definitely" or "probably" planning to invest in crypto assets for clients, marking a notable increase from 8% in 2024.
Despite the growing adoption of crypto, access remains a challenge, as only 35% of advisors can purchase crypto directly in client accounts.
Looking ahead to 2025, crypto equity ETFs remain the most favored vehicle for exposure to crypto, reflecting the growing interest in investment products that provide exposure to the crypto market rather than individual cryptocurrencies.
Regulatory
As crypto continues to gain traction in the mainstream economy, its adoption is expanding beyond niche circles. A new survey from the asset management firm Bitwise confirms this narrative, offering insights into how US financial advisors are integrating crypto into client portfolios and planning for the future.
While concerns around regulatory uncertainty remain, they have somewhat diminished compared to previous years, with 50% of advisors citing regulatory challenges as a major obstacle in 2024, down from 60-65% in earlier surveys, suggesting that clarity is improving.