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Bitcoin Goes Mainstream as 56% of Financial Advisers Show Interest in Crypto
January 10, 2025
Bitcoin and cryptocurrency have become increasingly attractive to financial advisers, with a recent survey showing that more than half of them are willing to gain exposure to this market. Asset manager Bitwise recently published bullish statistics compiled in collaboration with the data-driven ETF platform VettaFi. The annual report, titled “Bitwise/VettaFi 2025 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets,” highlighted the attitudes of approximately 430 financial advisers towards cryptocurrency.
Advisers are Willing to Invest in Bitcoin
Out of the 430 advisers surveyed, over 240 expressed their willingness to invest in cryptocurrencies in 2025. The survey, conducted between November 14 and December 20, 2024, reveals that this increased interest followed Donald Trump’s election victory. Prior to the elections, the 47th President of the United States showed support for the crypto industry, praising Bitcoin as the currency of the future. Trump promised to create a favorable environment for digital assets if reelected, which sparked interest among US investors. This friendly stance from the President has also piqued the interest of financial advisers, with 56% of them expressing their intention to buy Bitcoin and other cryptocurrencies this year. Additionally, the increased interest can be attributed to the growing demand from clients.
Financial Advisers Investing Like Never Before
Furthermore, the survey reveals that 99% of the surveyed advisers who have already invested in Bitcoin plan to either maintain or increase their allocation to the cryptocurrency this year. Notably, they increased their clients’ exposure to crypto from 11% in 2023 to a record-high of 22% last year.
However, there are still hurdles to widespread adoption. The survey shows that 35% of financial advisers are still unable to acquire Bitcoin for their clients’ accounts. Another 50% cited regulatory constraints as a hindrance to their exposure. However, this is an improvement from the previously reported 65%, indicating significant progress.
Bitcoin Approaching the Mainstream Era
The recent surge in popularity of cryptocurrencies has not only attracted the attention of financial advisers. Corporate firms and nations have also started to embrace this market. Analysts predict that this trend will reach unprecedented levels if Donald Trump approves the establishment of a US Bitcoin strategic reserve, as industry leaders anticipate. Market speculators insist that Bitcoin will reach new all-time highs once the reserve is created, with targets set at $175,000, $200,000, and an ambitious $500,000. Currently, the pioneering cryptocurrency is trading at $94,818, recovering from a significant drop below $92,000 on Thursday.
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