- Matt Hougan, chief investment officer at Bitwise Asset Management, reported on the rise of cryptocurrency adoption among leading U.S. financial advisors.
- At the Barron’s Advisor 100 Summit, Hougan noted that 70% of advisors in attendance now personally own cryptocurrency, up from 10-20% two years ago.
- Despite the personal interest, the number of advisors including cryptocurrency in client portfolios remains low due to broker restrictions.
- Hougan expects this to change in the next six to 12 months as the financial infrastructure for cryptocurrency improves.