đ Big Change in the Crypto World! đ
Bitwise Investment Management CIO Matt Hougan announced at the Barronâs Advisor 100 Summit that 70% of top-tier financial advisors in the US now personally hold cryptocurrencies. đ
- Two years ago, this rate was only between 10-20%. âThereâs a very technical word that economists use for this kind of year-on-year change: whoa,â Hougan said. đ
- However, the allocation of cryptocurrencies in client portfolios is still low. Hougan noted that advisors first include crypto in their personal portfolios, then start allocating it to clients within 6-12 months.
- Morgan Stanleyâs approval of spot Bitcoin ETFs and the SECâs support for options also show that the crypto infrastructure is getting stronger.
Do you think this trend will continue? Letâs meet in the comments! đŹ