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US Financial Advisors Who May Shape the Fate of Cryptocurrencies Speak: Have They Warmed To Cryptocurrencies After The Recent Rally?

Author: Content Editor
As Bitcoin reaches record highs following the US election and with growing enthusiasm for pro-crypto policies under President-elect Donald Trump, many financial advisors are still cautious about recommending cryptocurrency investments to their clients. The skepticism primarily stems from regulatory uncertainty and the inherent volatility of cryptocurrencies. A survey conducted by Cerulli Associates in April found that only 12% of advisors used crypto at the request of their clients, with less than 3% actively recommending it. For those determined to invest in digital assets, financial advisors often suggest ETFs as a safer and more accessible option. Advisors typically advise clients to limit crypto investments to 1% to 5% of their overall portfolio, depending on their risk tolerance, financial goals, and time horizon.

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