According to a recent report by Bitwise and VettaFi, 56% of financial advisors are more likely to invest in cryptocurrency this year, and the 2024 US election results will affect people's emotions. The report surveyed 430 qualified responses from financial advisors.
The soaring cryptocurrency prices and increased regulatory transparency in 2024 have aroused greater interest from clients and advisors. In 2024, 96% of advisors answered clients' inquiries about cryptocurrency, reaching a historical high, higher than 88% in 2023. In addition, the proportion of advisors who allocate cryptocurrency in clients' investment portfolios has doubled year-on-year, from 11% in 2023 to 22% in 2024. Institutional investors (30%) and registered investment advisors (RIA) (28%) are most likely to allocate cryptocurrency, followed by representatives from large securities companies (24%).
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