More investment advisers are allocating resources to crypto
A survey published by crypto index fund provider Bitwise revealed that nearly 50% of investment advisers have allocated capital to crypto assets over the past year. The assessment was conducted in December in association with ETF Trends, an investment website. He asked 1,000 financial advisers about their crypto investment moves over the past year, as well as their future plans. According to the report, 9.4% of client portfolios were exposed to cryptocurrencies. This is 3.1% higher than the previous year. Meanwhile, 15% of investment advisers who have yet to allocate resources to cryptocurrencies said they will “probably” do so in 2021. Another 2% were confident about investing in digital assets this year. A significant percentage of those surveyed pointed to the global economic instability caused by the coronavirus pandemic as the main reason driving investment. 54% of respondents named “uncorrelated returns” as the main benefit of investing in cryptocurrencies. And rightly so, it went from around $ 18k to over $ 40k in two months. About 25% of those surveyed said “inflation hedging” was the most attractive use case for digital assets. In general, financial advisers claim that their clients’ demand for exposure to cryptocurrencies is increasing. More than 80% of survey participants reported that customers had asked about crypto offerings in 2020. But despite the frenzy and ongoing demand from institutional investors, Bitwise’s CIO stated that the industry is just getting started. to recover. The survey shows that it is still early days for cryptocurrencies, with less than 10% of advisers assigning today […]At the same time, adoption and interest are growing – the survey suggests that the number of assigned advisors could double or more in the next year.