A recent Bitwise survey found growing interest in cryptocurrencies among US-based financial consultants following Donald Trump’s return to the White House.
The results indicate that 56% of respondents are now more inclined to invest in crypto due to the results of the 2024 US elections.
Increase in Crypto Allocation and Interest
THE studyconducted between November 14 and December 20 last year, surveyed 430 financial advisors on their views on crypto. In a January 9 job on X, Bitwise highlighted that the result was “more optimistic than ever”.
“If you had any doubt that 2024 was a massive inflection point for crypto, this year’s Bitwise/VettaFi survey dispels it,” said Matt Hougan, the firm’s chief investment officer. He added that professionals are increasingly recognizing the potential of cryptocurrencies, leading to unprecedented levels of allocation.
The distribution of digital assets has also double year after year, reaching a record level. According to the survey, 22% of consultants reported assigning cryptocurrencies to client accounts in 2024, a significant increase from 11% in 2023.
Client interest in this 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 tendency to retain such investments, with 99% of those who currently have credits in customer accounts planning to maintain or increase the amount in 2025.
The report also reveals that financial consultants are more likely to make first purchases for their clients. Among those who have not yet ventured into the sector, 19% “definitely” or “probably” plan to do so in 2025, compared to 8% reported the previous year.
Many consumers also make crypto investments independently. 71% of advisors said “some” or “all” of their clients added them to their portfolio without their involvement.
Meanwhile, when asked about their preferred form of investment for 2025, experts overwhelmingly favored crypto stock ETFs.
Barriers to entry persist
Despite this growing interest, entering crypto remains a challenge. Only 35% of respondents said they could purchase it on customer accounts, meaning two-thirds still don’t have access to such options for their users.
Hougan highlighted this gap, noting that portfolio managers are still prohibited from offering virtual currency products. However, he expressed confidence that this difference would narrow in 2025 as widespread adoption in the sector grows.
On a more positive note, regulatory uncertainty, while still a concern, has eased. In the survey, 50% of respondents cited it as the main barrier to future growth. This figure marks a notable drop from previous results, which ranged between 60% and 65%.
Bitwise, which proposed a new exchange-traded fund to invest in companies holding more than 1,000 BTC in their corporate treasury, previously shared an optimistic outlook for 2025, saying it would usher in “the golden age of crypto”.
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