Financial Advisors Show Increased Interest In Cryptocurrency Investments

According to BlockBeats, a recent report by Bitwise and VettaFi reveals that 56% of financial advisors are more likely to invest in cryptocurrencies this year. The report, which surveyed 430 financial advisors, indicates that the outcome of the 2024 U.S. presidential election will influence investor sentiment. Additionally, the report highlights a growing trend of clients independently investing in cryptocurrencies, with 71% expected to do so by 2024, up from 59% in 2023. The report underscores the momentum within the industry, noting that advisors who have not yet allocated funds to cryptocurrencies are increasingly inclined to do so. Specifically, 19% of these advisors plan to invest in cryptocurrencies by 2025, a significant increase from 8% last year. Furthermore, 99% of advisors who have already invested in cryptocurrencies intend to maintain or increase their investments.