According to the latest survey data released by Bitwise Asset Management and VettaFi, the proportion of financial advisors who will include crypto assets in their clients' portfolios in 2024 rose to 22% from 11% in the previous year. Analysts believe that 2024 will be a turning point for crypto assets, with Bitcoin prices soaring 123% to a record high of $108,000, benefiting from the launch of record-breaking spot Bitcoin ETFs, which have attracted more than $35 billion in inflows. Other crypto assets also performed strongly, with Ethereum up 45% and Solana up 85%.
In addition, with traditional financial giants such as BlackRock and Fidelity launching spot Bitcoin ETFs and President Trump's likely promotion of more friendly cryptocurrency policies after his election, the crypto market continues to heat up. According to the Bitwise survey, 56% of financial advisors said they are more likely to invest in crypto assets this year due to the results of the November 2024 election. The Republicans control both houses of Congress and are expected to appoint a more cryptocurrency-supportive Securities and Exchange Commission (SEC) chairman, which will further ease regulatory pressure on digital assets. (TheBlock)