56% of advisers more likely to invest in crypto after Trump win: Bitwise survey
More than half of US-based financial advisers are more inclined to invest in crypto following Donald Trump's presidential election victory, according to a Bitwise survey. Conducted from November 14 to December 20, the survey revealed that 56% of 430 advisers plan to increase crypto investments this year. The crypto industry anticipates Trump may create a crypto-friendly environment, potentially designating Bitcoin as a US reserve asset. Among advisers already investing, 99% intend to maintain or increase their crypto exposure. Additionally, 71% reported clients investing in crypto independently, presenting growth opportunities for advisers. However, access remains a significant barrier, with only 35% able to buy crypto in client accounts. Bitcoin's price has seen volatility, dropping to $92,500 after briefly exceeding $100,000. US entities' Bitcoin reserves have reached an all-time high, surpassing those held offshore by 65%.
