A recent survey by Bitwise has revealed a rise in cryptocurrency interest among U.S.-based financial consultants following Donald Trump’s return to the White House.
The findings indicate that 56% of respondents are now more inclined to invest in crypto due to the results of the 2024 U.S. election.
Surge in Crypto Allocation and Interest
The study, conducted between November 14 and December 20 last year, asked 430 financial advisors about their views on crypto. In a January 9 post on X, Bitwise emphasized that the outcome was “more bullish than ever.”
“If you had any doubt that 2024 was a massive inflection point for crypto, this year’s Bitwise/VettaFi survey dispels it,” said Matt Hougan, the firm’s chief investment officer. He added that professionals are increasingly recognizing the potential of cryptocurrency, leading to unprecedented levels of allocation.
Digital asset apportionments have also doubled year-over-year, reaching an all-time high. According to the survey, 22% of consultants reported allocating crypto to client accounts in 2024, a major increase from 11% in 2023.
Client interest in the asset class is also at an all-time high, with 96% of wealth managers receiving inquiries from customers about it last year. Furthermore, there was a tendency to retain such investments, with 99% of those who currently have allotments in customer accounts planning to either maintain or raise the amount in 2025.
The report also revealed that financial consultants are more inclined to make initial purchases for their customers. Of those who have not yet ventured into the sector, 19% are “definitely” or “probably” planning to do so in 2025 compared to the 8% reported the previous year.
Many consumers are also making crypto investments independently. 71% of the advisors reported that “some” or “all” of their clients are adding them to their portfolios without their involvement.
Meanwhile, when asked about their preferred form of investment for 2025, the experts overwhelmingly favored crypto equity ETFs.
Entry Barriers Persist
Despite this growing interest, entry into crypto remains a challenge. Only 35% of respondents reported being able to buy it in client accounts, meaning two-thirds still lack access to such options for their users.
Hougan emphasized this gap, noting that portfolio managers are still restricted from offering virtual currency products. However, he expressed confidence that this difference would be narrowed in 2025 as mainstream adoption in the sector grows.
On a more positive note, regulatory uncertainty, while still a concern, has eased. In the survey, 50% cited it as the top obstacle to future growth. This figure marks a notable decrease from previous results, which ranged between 60% and 65%.
Bitwise, which proposed a new exchange-traded fund to invest in companies holding more than 1,000 BTC in their corporate treasuries, previously shared an optimistic outlook for 2025, claiming it would usher in the “Golden Age of Crypto.”
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