• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Trump's Victory is Changing US Financial Advisors' Attitude Towards Cryptocurrencies

user avatar

by Giorgi Kostiuk

3 months ago


A recent Bitwise survey reveals that 56% of American financial advisors have shown increased interest in cryptocurrencies following Donald Trump's victory. This development could impact traditional finance.

The Reasons for Stunning Enthusiasm

Trump's election not only shook the US political arena but also reignited the debate on the role of cryptocurrencies within the country's financial strategy. Figures like Jack Mallers, CEO of Strike, envision a potential presidential decree recognizing Bitcoin as a legal tender. 71% of clients already invest in cryptocurrencies on their own, which opens avenues for professional support.

Challenges That Persist

Despite positive sentiment, accessibility remains an issue, as only 35% of American advisors can directly purchase cryptocurrencies for their clients. Bitcoin's volatility is another concern, with prices recently fluctuating around $93,000. The existing regulatory ambiguity could hamper growth in structured products.

American Growth and International Competition

CryptoQuant data suggests that American entities continue to hold more Bitcoin reserves than international counterparts, which could highlight the US's leading position in the global crypto ecosystem. However, other nations are actively attracting financial firms, which might challenge US leadership if regulations are not adapted.

The pro-crypto wave among American financial advisors continues to gain momentum. Despite tangible excitement and growing interest, the market still faces challenges of volatility and a shifting regulatory landscape. It remains to be seen if the new political cycle will provide the cryptocurrencies with the boost they need for full-fledged growth.

0

Share

Other news

Peter Schiff Seeks Bitcoin Donations to Grow Reserve

Bitcoin critic Peter Schiff seeks public support to grow his Bitcoin reserve through donations.

user avatarGiorgi Kostiuk

4 minutes ago

Analyzing Bitcoin Dominance: What Drives Altcoin Season

The current Altcoin Season Index points to Bitcoin's market dominance. What does this mean for your crypto portfolio?

user avatarGiorgi Kostiuk

4 minutes ago

Investors Eye MAGACOINFINANCE: Prospects and Future Plans

Magacoinfinance garners major investor attention in 2025 with unique pre-sale offerings.

user avatarGiorgi Kostiuk

4 minutes ago

Japan's Metaplanet Successfully Increases Bitcoin Holdings to 4,206 BTC

Metaplanet acquired an additional 160 BTC, raising its total to 4,206 BTC, focusing on a Bitcoin strategy.

user avatarGiorgi Kostiuk

5 minutes ago

Zhongzefeng Invests in Hong Kong's Crypto Assets amidst Growing Interest

Hong Kong company Zhongzefeng has received approval for crypto investments, potentially enhancing its market presence.

user avatarGiorgi Kostiuk

5 minutes ago

Circle's IPO Move: What It Means for the Crypto Market

Circle, the issuer of USDC, files for IPO, highlighting crypto's integration with traditional finance.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.