CandleFocus

Election swayed advisers, but crypto adoption has room to run

Author: Content Editor
A recent report by Bitwise and VettaFi revealed that 56% of surveyed financial advisers are more likely to invest in cryptocurrencies following the November election results. Despite only 35% of advisers currently able to buy crypto assets for client accounts, 71% reported that some of their clients were already investing in cryptocurrencies independently. The report highlights the potential for advisers to assist their clients in integrating crypto into their broader wealth management plans. Additionally, while 19% of advisers who have not yet invested plan to add exposure to cryptocurrencies this year, the report indicates that there is still healthy skepticism and patience among advisers in making their next move.

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