{"id":16961,"date":"2023-01-27T04:14:48","date_gmt":"2023-01-27T04:14:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/financial-advisors-see-strong-interest-in-crypto-90-receive-inquiries-about-crypto-investing-survey-shows-featured-bitcoin-news\/"},"modified":"2023-01-27T04:14:48","modified_gmt":"2023-01-27T04:14:48","slug":"financial-advisors-see-strong-interest-in-crypto-90-receive-inquiries-about-crypto-investing-survey-shows-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/financial-advisors-see-strong-interest-in-crypto-90-receive-inquiries-about-crypto-investing-survey-shows-featured-bitcoin-news\/","title":{"rendered":"Financial Advisors See Strong Interest in Crypto \u2014 90% Receive Inquiries About Crypto Investing, Survey Shows \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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A new survey shows that interest in cryptocurrency remains strong among financial advisors\u2019 clients. \u201cDespite market performance, the most common question was: \u2018Should I consider an investment in crypto?’\u201d the survey results reveal.<\/strong><\/p>\n

Financial Advisors Bullish About Crypto Long Term<\/h2>\n

Crypto asset manager Bitwise Asset Management published a report titled \u201cBitwise\/Vettafi 2023 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets\u201d on Tuesday. This is Bitwise\u2019s fifth annual study conducted in collaboration with Vettafi, an exchange-traded fund (ETF) platform.<\/p>\n

The survey was conducted between Nov. 25, 2022, and Jan. 6, 2023, with the participation of 491 financial advisors, including independent registered investment advisors, broker-dealer representatives, financial planners, and wirehouse representatives from across the U.S. According to the survey findings:<\/p>\n

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Despite the sharp market correction of 2022, financial advisors remain highly engaged in crypto markets, with 15% allocating in client accounts and 90% receiving inbound questions from clients about the space.<\/p>\n<\/blockquote>\n

\u201cThe survey is a reminder that crypto is one of the best business development opportunities in the financial advisor market,\u201d said Bitwise\u2019s chief investment officer, Matt Hougan.<\/p>\n

The majority of respondents are bullish about bitcoin in the long term but bearish this year, with 63% expecting BTC<\/a> to fall in 2023 while 60% believe it will be higher in five years. \u201cWhile advisors\u2019 interest in bitcoin (41%) was roughly twice that of ethereum (20%), their bullishness toward the two largest crypto assets was almost evenly split,\u201d Bitwise described, adding that 53% favored BTC<\/a> while 47% preferred ETH<\/a>.<\/p>\n

Reiterating that client interest in crypto \u201cremains strong\u201d as 90% of financial advisors \u201creceived a question about crypto from clients last year,\u201d the report details:<\/p>\n

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Despite market performance, the most common question was: \u2018Should I consider an investment in crypto?\u2019<\/p>\n<\/blockquote>\n

\u201cDespite market volatility, 78% of advisors who currently have an allocation in client accounts plan to either maintain or increase that exposure in 2023,\u201d the survey additionally found. Among respondents, 59% said \u201csome\u201d or \u201call\u201d of their clients were investing in crypto on their own.<\/p>\n

Moreover, \u201ccrypto equity ETFs\u201d were financial advisors\u2019 top crypto investment choice for 2023. The U.S. Securities and Exchange Commission (SEC) has approved several bitcoin futures ETFs but has yet to approve a spot bitcoin ETF.<\/p>\n

Vettafi\u2019s head of research, Todd Rosenbluth, commented:<\/p>\n

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Advisors and their end clients continue to want to learn more about crypto investments despite the volatility incurred in 2022. For those with a long-term focus, interest remains high.<\/p>\n<\/blockquote>\n

What do you think about this survey? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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