A survey conducted by Bitwise Asset Management and VettaFi revealed that 56% of financial advisors feel more compelled to invest in crypto assets, particularly Bitcoin ($BTC ) this year.
This was motivated by the victory of US President-elect Donald Trump, who is known to be pro-crypto. Moreover, last year was a climax after the Bitcoin (BTC) and Ethereum (ETH) Spot ETFs were launched in the US.
Evidently, according to the survey, interest in crypto asset allocation has reached a new record. The reason is, in 2024, 22% of advisors have allocated crypto assets to their client portfolios. Meanwhile, this figure has doubled compared to 2023.
On the other hand, Bitwise CIO Matt Hougan stated that last year was a major turning point for crypto with financial advisors starting to realize its potential, and increasing their fund allocation significantly.
The survey also showed that regulation is a major barrier to wider adoption. Therefore, the euphoria of Trump's victory is also a stimulus for investors to adopt crypto at this time.
In line with that, the survey proved that as many as 71% of advisors reported that some of their clients had invested in crypto independently. Thus, the future projection of crypto assets will look very bright.