Morning Minute: Financial Advisors Are More Bullish Crypto Than Ever
Financial advisors are allocating to crypto assets at record-high levels, indicating a major shift in how traditional portfolios include digital assets. Survey data confirms growing mainstream adoption, with wealth management teams at major US banks starting to recommend allocations (e.g., 1% to Bitcoin ETFs) across client portfolios. This marks a departure from crypto allocations mainly being limited to hedge funds and institutional vehicles in previous years. Financial advisors are a crucial segment, as they control access to millions of retail investors. Once they begin allocating to crypto, the trend is expected to persist and intensify, leading to sustained long-term buy pressure on digital assets like Bitcoin. This development signals an important turning point and suggests that crypto is entering the mainstream as a standard portfolio allocation.
