According to a recent study, high-net-worth investors are increasingly seeking professional advice on cryptocurrencies but express doubts about the readiness of financial advisors to provide it.
Importance of Professional Crypto Consulting
The survey conducted among 500 investors, including high-net-worth individuals, revealed that 82% are more likely to work with financial advisors who offer cryptocurrencies investment support. However, 29% cited lack of personal experience and poor risk explanations as critical concerns.
Rising Interest in Cryptocurrency Among Investors
The study also found that 89% of current crypto holders, including those with over $1 million in investable assets, plan to increase their crypto exposure in 2025. Over half of respondents reported actively trading or monitoring crypto daily, indicating that digital assets have transitioned from speculative avenues to core portfolio components.
Criteria for Choosing Financial Advisors
Approximately 88% of crypto investors already work with financial advisors, while 78% of non-crypto investors would consider doing so if crypto guidance were available. Furthermore, 55% stated it's 'extremely important' for advisors to have crypto knowledge. Therefore, fluency in the crypto space becomes a necessity for financial consultants.
Overall, the findings highlight the growing interest among investors in digital assets and the need for qualified advice on cryptocurrencies. Advisors who are knowledgeable in this area can distinguish themselves in a competitive market.
