Bitwise, a global cryptocurrency asset manager, and VettaFi, a leading provider of ETF news and analysis, have joined forces for the seventh consecutive year to conduct the Bitwise/VettaFi 2025 Benchmark Survey of Financial Advisors’ Attitudes Towards Crypto Assets .
According to a survey of about 430 financial advisors in the United States, the factor most likely to make them more comfortable allocating to cryptocurrencies in the future is clearer regulations.
55% of consultants expressed regulatory concerns. Meanwhile, better education was the second most important at 42%.
Advisors cited volatility and a lack of regulatory certainty as the two main obstacles to starting or increasing exposure to cryptocurrencies, in line with previous years.
However, cryptocurrencies have emerged as a clear winner in the 2024 US elections. Consultants realized that the new administration has improved the regulatory outlook for cryptocurrency in the United States.
What impact has the 2024 election had on advisors’ crypto outlook?
Donald Trump embraced the cryptocurrency industry during his campaign, promising to restructure the SEC and establish a strategic reserve of Bitcoin. With pro-crypto politicians defeating opponents in a number of crucial races, Congress is significantly skewed in favor of cryptocurrency ahead of 2025.
Have these findings, however, changed advisors’ perspectives on cryptocurrency? YES. More than half (56% of respondents) said they would be more likely to invest in cryptocurrencies in 2025 following the election results.
“While 50% of advisors cited regulatory uncertainty as the primary barrier to future cryptocurrency investments, the figure was down significantly from previous surveys, where it ranged from 60% to 65%,” the survey results state.
When it comes to the BTC reserve, expectations are almost evenly divided. “45% think it will happen, while 55% think it is impossible.”
Interestingly, 67% of respondents believe that the price of Bitcoin will be higher in a year than it is today, a higher percentage than the 52% in last year’s survey.
Probably nothing. pic.twitter.com/g5uRICV9R0
— André Dragosch, PhD | Bitcoin and macroeconomics
(@Andre_Dragosch) January 9, 2025
Cryptocurrency allocations among financial advisors have doubled year over year
Cryptocurrency allocations among advisors have doubled year over year. It rose from 11% in 2023 to 22% in 2024, a record high for the survey.
Additionally, an overwhelming 96% of advisors reported receiving questions about cryptocurrencies from clients in the past year, marking an all-time high in client interest. Among advisors who are already investing in cryptocurrencies, 99% expect to maintain or increase their exposure in 2025. Among advisors who have not yet invested in cryptocurrencies, 19% are planning to do so this year, more than double to the previous year’s figure of 8%.
Commenting on the research findings, Todd Rosenbluth, head of research for TMX VettaFi, said: “Based on the latest data, the future is very bright as advisors and investors gain more access and education on the potential benefits.”
VettaFi is an indexing, data and analytics provider.
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