Data: The proportion of financial advisors allocating crypto assets to their clients will double to 22% in 2024

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ODAILY
01-09
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Odaily reported that according to the latest survey data released by Bitwise Asset Management and VettaFi, the proportion of financial advisors who will include crypto assets in their clients' investment portfolios will rise from 11% the previous year to 22% in 2024. The analysis suggests that 2024 will be a turning point for crypto assets, with Bitcoin's price soaring 123% to a new all-time high of $108,000, benefiting from the launch of record-breaking spot Bitcoin ETFs that have attracted over $35 billion in inflows. Other crypto assets also performed strongly, with Ethereum rising 45% and Solana gaining 85%. Furthermore, with the entry of traditional financial giants like BlackRock and Fidelity into the spot Bitcoin ETF market, as well as the potential for a more crypto-friendly policy under a Trump presidency, the crypto market has continued to gain momentum. The Bitwise survey shows that 56% of financial advisors are more likely to invest in crypto assets this year due to the November election results, as a Republican-controlled Congress and the expected appointment of a more crypto-friendly SEC chair will further alleviate regulatory pressure on digital assets.

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