đąăCrypto asset allocation is hot, and financial advisors are getting involved! ăđą
Recently, Bitwise Chief Investment Officer Matt Hougan revealed at the Barronâs Advisor 100 Summit in Florida that more and more top financial advisors are allocating crypto assets in their personal portfolios. đŒđ°
Surprisingly, about 70% of advisors already own Bitcoin or other crypto assets, compared with only 10%-20% in the previous two years. While many advisors do not yet have Bitcoin allocated in their client accounts, Hougan predicts that as advisorsâ personal allocations increase, client investments will follow suit, potentially changing significantly within six to 12 months. đ
This is undoubtedly an important signal of the financial communityâs increased acceptance of cryptocurrencies, especially Bitcoinâs more optimistic outlook. đđ
(Source: The Block)