56% of financial advisers more likely to invest in crypto

A recent survey by Bitwise indicates a significant shift in the attitudes of U.S. financial advisers towards cryptocurrency following Donald Trump's election victory.

The survey, conducted between November 14 and December 20, gathered responses from 430 advisers, revealing that 56% are now more inclined to invest in crypto assets due to the election results announced on November 5.

This growing interest is attributed to expectations that Trump will foster a more crypto-friendly regulatory environment.

Jack Mallers, CEO of Strike, suggested that Trump might issue an executive order designating Bitcoin as a U.S. reserve asset on his first day in office.

Among advisers currently investing in crypto, an overwhelming 99% plan to either maintain or increase their exposure this year.

Furthermore, nearly all advisers reported an uptick in client inquiries about cryptocurrency over the past year.

“Advisors are awakening to crypto’s potential like never before and allocating like never before,” stated Bitwise's chief investment officer, Matt Hougan.

Additionally, the survey found that 71% of advisers noted their clients are investing in crypto independently, presenting a new opportunity for advisers to integrate these assets into broader wealth management strategies.

Despite this optimism, access to cryptocurrency remains a significant barrier.

Bitwise reported that only 35% of advisers can purchase crypto for client accounts.

As of January 9, U.S.-based entities hold a record share of Bitcoin (CRYPTO:BTC) reserves, significantly surpassing those held offshore.

This trend reflects the increasing institutional interest in cryptocurrency as advisers adapt to changing market dynamics.