Trump’s win prompts more financial advisors to consider crypto investments: survey

A recent survey by Bitwise has revealed an increase in interest in cryptocurrencies among financial consultants in the United States following Donald Trump’s return to the White House.

Findings indicate that 56% of respondents are now more inclined to invest in crypto due to the results of the 2024 US election.

Increased crypto allocation and interest

The study, conducted between November 14 and December 20 last year, asked 430 financial advisors about their views on crypto. In a Jan. 9 post on X, Bitwise noted that the result was “more bullish than ever.”

“If you had any doubt that 2024 was a massive turning point for crypto, this year’s Bitwise/VettaFi survey dispels that,” said Matt Hougan, the firm’s chief investment officer. He added that professionals are increasingly recognizing the potential of the cryptocurrency, leading to unprecedented levels of allocation.

Digital asset allocations have also doubled year-on-year, reaching an all-time high. According to the survey, 22% of consultants reported allocating cryptocurrencies to client accounts in 2024, a significant increase from 11% in 2023.

Client interest in the asset class is also at an all-time high, with 96% of wealth managers receiving client inquiries about it last year. Additionally, there was a trend to retain these investments, with 99% of those currently holding allocations in client accounts planning to maintain or increase the amount in 2025.

The report also revealed that financial consultants are more inclined to make initial purchases for their clients. Of those who have not yet dabbled in the sector, 19% plan to do so “definitely” or “probably” in 2025, compared to 8% reported the previous year.

Many consumers are also making crypto investments independently. 71% of advisors reported that “some” or “all” of their clients add them to their portfolios without their involvement.

Meanwhile, when asked about their preferred form of investment for 2025, experts overwhelmingly favored crypto equity ETFs.

Barriers to entry persist

Despite this growing interest, getting into crypto remains a challenge. Only 35% of respondents reported being able to purchase it from customer accounts, meaning two-thirds still don’t have access to these options for their users.

Hougan emphasized this gap, noting that portfolio managers are still restricted from offering virtual currency products. However, he expressed confidence that this gap will narrow by 2025 as mainstream adoption grows in the industry.

On a more positive note, regulatory uncertainty, while still a concern, has eased. In the survey, 50% cited this as the main obstacle to future growth. This figure is a notable drop compared to previous results, which ranged between 60% and 65%.

Bitwise, which proposed a new exchange-traded fund to invest in companies that hold more than 1,000 BTC in their corporate treasuries, previously shared an optimistic outlook for 2025, claiming it would usher in the “Golden Age of the Crypto”.

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