#Encryption Advisor Increases Investment#

Cryptocurrency investment enthusiasm among financial advisors is on the rise. A recent report by Bitwise and VettaFi reveals that 56% of financial advisors are more likely to invest in cryptocurrencies this year, while 99% of advisors already invested in cryptocurrencies plan to maintain or increase their investments. The 2024 U.S. presidential election results shifted market sentiment, leading to a surge in cryptocurrency prices and enhanced regulatory transparency, thus fueling interest in cryptocurrencies among clients and advisors. In 2024, 96% of advisors responded to client inquiries about cryptocurrencies, a record high, up from 88% in 2023. More advisors are incorporating cryptocurrencies into client portfolios, rising from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and large brokerage firms represent the groups with the highest allocation of cryptocurrencies. Additionally, a growing number of clients are investing in cryptocurrencies independently of their advisors, with 71% of clients investing independently in 2024, up from 59% in 2023. Advisors who have not yet allocated to cryptocurrencies are increasingly likely to do so, with 19% planning to invest in 2025, up from 8% last year. These figures indicate that cryptocurrencies are gaining popularity in the financial realm, and cryptocurrency investments are likely to continue growing in the coming years.