According to a recent survey conducted by Bitwise, more than half of U.S.-based financial advisers have expressed an increased interest in investing in cryptocurrency following the election of Donald Trump as President. The survey, which gathered responses from 430 financial advisers between November 14 and December 20, revealed that 56% of advisers are more inclined to invest in cryptocurrencies this year as a result of the election outcome on November 5.
Industry insiders anticipate that the Trump administration may create a more crypto-friendly environment in the United States. For instance, Jack Mallers, CEO of Strike, suggested the possibility of Trump issuing an executive order to designate Bitcoin as a U.S. reserve asset. Among advisers who are already investing in cryptocurrencies, nearly all plan to maintain or raise their crypto exposure this year. Moreover, 71% of respondents noted that their clients are already investing in cryptocurrencies independently, presenting advisers with opportunities to integrate crypto into broader wealth management strategies.
Despite growing interest, Bitwise highlighted that access remains a significant hurdle, with only 35% of advisers able to purchase cryptocurrencies within client accounts. Meanwhile, Bitcoin’s price fluctuations continue, dipping to $92,500 on January 8 after briefly surpassing $100,000 on January 7. Additionally, U.S.-based entities are holding more Bitcoin than their offshore counterparts, with a record 65% higher reserves, underscoring increasing domestic crypto holdings as of January 9.
