RATE Group | Cryptocurrency Top Of Mind For Growing Number Of Financial Advisors
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Cryptocurrency Top Of Mind For Growing Number Of Financial Advisors

09 Feb Cryptocurrency Top Of Mind For Growing Number Of Financial Advisors

Posted at 11:29h in Cryptocurrency News by

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Cryptocurrency is nowhere near being adopted by the masses, but thanks in part to a maturing of the market and some stellar returns in 2019, more financial advisors are planning to allocate investment dollars that way.

That’s according to a new survey of more than 400 financial advisors conducted by Bitwise Asset Management, the cryptocurrency investment firm and ETF Trends, the Website focused on everything ETF related. They found the percentage of advisors who are allocating to crypto for their clients will hit 13% in 2020, up from 6% in 2019.  

The number one reason driving that: crypto returns. Of the financial advisors polled, 54% cited that as the reason to allocate more investment dollars to digital currency. It’s up from 47% in last year’s survey. 

“The return characteristics are hard to ignore,” said Matt Hougan, Bitwise managing director and global head of research. “It’s really hard to…

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