Survey Reveals 22% of Advisors Allocated Crypto to Clients in 2024
A survey by Bitwise indicates increasing interest in cryptocurrency among US financial advisors. Key findings include:
- 56% of advisors are likely to invest in crypto post-2024 elections.
- 22% allocated crypto to client accounts in 2024, up from 11% in 2023.
- 96% received inquiries about cryptocurrency in the past year.
- 99% of current crypto investors plan to maintain or increase their allocations in 2025.
- 35% can directly purchase crypto for clients, highlighting access issues.
- 50% cited regulatory uncertainty as a major concern, down from 60-65% in prior years.
- 19% of previously hesitant advisors are now considering crypto investments, up from 8%.
- The survey included 400 financial advisors across the US.
2025 is projected to be significant for crypto adoption among financial advisors due to rising demand, improved regulations, and new investment products.