More US Financial Advisors Lean Toward Crypto Investment Post-Trump Election
According to a recent survey by Bitwise, over half of U.S.-based financial advisors expressed an increased willingness to invest in cryptocurrency following Donald Trump's victory in the presidential election.
The survey, conducted between November 14 and December 20, gathered insights from 430 financial professionals, with 56% reporting that they were more inclined to invest in crypto after the election results.
Many in the crypto industry are hopeful that Trump’s presidency will usher in a more crypto-friendly regulatory environment. Some believe that, upon taking office, Trump may even sign an executive order designating Bitcoin as a reserve asset for the U.S., further legitimizing its place in the financial system.
Among those already holding cryptocurrency investments, nearly all (99%) of the advisors plan to either maintain or increase their exposure in the coming year. Additionally, a significant number of clients have been seeking advice on incorporating crypto into their portfolios, signaling a growing interest in digital assets.
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Despite this optimism, access to crypto remains a significant hurdle for many advisors. According to Bitwise, only 35% of advisors have the ability to purchase crypto directly within client accounts. This represents a barrier to wider adoption, despite the rising interest in the asset class.
As Bitcoin’s price remains volatile, it has recently dipped below $93,000 after surpassing $100,000 briefly in early January. Nevertheless, U.S. entities continue to accumulate Bitcoin, with reserves held domestically now surpassing those held by non-U.S. entities by 65%, according to data from CryptoQuant. This trend highlights the growing prominence of U.S.-based holders in the global Bitcoin market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
