US Financial Advisers Show Growing Interest in Crypto After Trump’s Election Victory

US Financial Advisers Expect Crypto-Friendly Policies Under President Trump

US Financial Advisers– A recent survey by Bitwise reveals that more than half of US-based financial advisers are now more inclined to invest in cryptocurrency following Donald Trump’s victory in the 2024 presidential election. The survey, conducted between November 14 and December 20, 2024, gathered responses from 430 advisers, with 56% stating they are more likely to invest in crypto this year due to the election results.

Crypto-Friendly Policies Expected Under Trump’s Presidency

The crypto industry is optimistic about President-elect Donald Trump’s potential to foster a crypto-friendly environment in the US. Industry figures, including Jack Mallers, CEO of Strike, believe Trump could issue an executive order on his first day in office, potentially designating Bitcoin as a US reserve asset.

Financial Advisers Increasing Crypto Exposure

Among the advisers already investing in crypto, nearly 99% plan to either maintain or increase their exposure to the market in 2025. Additionally, many advisers report a growing interest from their clients, with a similar percentage noting that clients have started to inquire about crypto investments over the past year. Matt Hougan, Bitwise’s Chief Investment Officer, commented: “Advisers are awakening to crypto’s potential like never before and allocating like never before.”

Challenges to Crypto Adoption

Despite growing interest, access remains a major barrier to broader crypto adoption. Bitwise highlighted that only 35%of advisers have the ability to buy crypto in client accounts. This limitation could hinder widespread adoption among clients seeking to integrate cryptocurrency into their broader financial plans.

Clients Investing Independently

Interestingly, 71% of advisers reported that their clients are investing in crypto independently, outside of their professional guidance. Bitwise sees this as a significant business opportunity for advisers aiming to help clients incorporate crypto into their wealth management strategies.

With crypto’s increasing appeal, especially under the new administration, financial advisers face both opportunities and challenges in embracing digital assets.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.