A recent survey by Bitwise indicates growing interest in cryptocurrencies among financial advisors in the US. The research found increased interest in crypto investments post the 2024 elections.
Trends and Interest in Cryptocurrencies
In 2024, 22% of advisors included cryptocurrencies in client portfolios, up from 11% in 2023. Client interest is also high, with 96% of advisors reporting growing demand for cryptocurrency information. Among those already investing in crypto, 99% plan to maintain or increase their investments in 2025, highlighting the significant role of cryptocurrencies in financial markets.
Challenges and Limitations
Access to cryptocurrency investments is limited; only 35% of advisors can directly purchase crypto for clients. Many advisors prefer crypto equity ETFs for exposure without direct investment. Regulatory concerns continue to be a barrier, with only 50% citing them as a major issue in 2024.
Future Outlook
Among advisors previously hesitant about crypto, 19% now consider investing in 2024, compared to 8% earlier. This suggests growing acceptance of crypto as a viable asset class. 2025 is expected to be pivotal due to rising demand, improved regulations, and expanded investment products.
The Bitwise survey shows growing interest in cryptocurrencies among financial advisors, with challenges remaining to further cryptocurrency investment integration.
