Bitwise Asset Management surveyed over 600 financial advisors and many of them said Bitcoin was going to 100-500k within five years. Covered: Bitwise Survey Overview Bitwise Survey Results Bitwise Survey Overview Bitwise Asset Manager is a leading provider of crypto index funds and overall ETF trends. This past week, they released the results of their […] The post The Majority Of Financial Advisors Say Bitcoin Is Going To 100K appeared first on CryptosRus.

The Majority Of Financial Advisors Say Bitcoin Is Going To 100K

Bitwise Asset Management surveyed over 600 financial advisors and many of them said Bitcoin was going to 100-500k within five years.

Covered:

  • Bitwise Survey Overview
  • Bitwise Survey Results

Bitwise Survey Overview

Bitwise Asset Manager is a leading provider of crypto index funds and overall ETF trends. This past week, they released the results of their “Bitwise/ETF Trends 2022 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets“.

The survey asked over 600 financial advisors a series of questions related to crypto assets and their clients. The respondents of the survey included broker-dealer representatives, financial planners, independent registered investment advisors, and wirehouse representatives across the US. This is the fourth annual report that Bitwise Asset Management has conducted.

Chief Investment Officer of Bitwise Asset believes that financial advisors are finally catching on, and the implications are significant:

“Two years ago, just 6% of advisors were allocating to crypto in client accounts; today it’s 15% and our survey suggests it will be nearly 30% by year-end. The implications are significant, as financial advisors direct the vast majority of private individual wealth in America. Advisor engagement in the space isn’t just growing … it’s growing at an accelerating rate.”

Recommended: Study Shows Nearly 25% of Investors Dumping Stocks for Crypto

Bitwise Survey Results

Overall, the survey shows that financial advisors are in FOMO when it comes to including crypto in portfolios.

Here are the key results:

Most Advisors Think Bitcoin Is Going To Breach All-Time Highs: 20% of financial advisors said Bitcoin will be 100k in 5 years and 45% think Bitcoin could reach 500k in five years.

Financial Advisors Investing In Crypto Up Over 65%: In 2021, the percentage of advisors investing a portion of portfolios into crypto grew for 9% to 15%. Additionally, 14% of advisors said they would “probably” or “definitely” allocate to crypto in 2022.

Clients Interested In Crypto Skyrocketed: Almost all financial advisors (94%) received questions from clients about crypto, up an astounding 81% from the year before.

Altcoin Interest Surges: Advisors are no longer interested solely in Bitcoin, roughly equal numbers desired to allocate funds to crypto equities vs. crypto assets (i.i, Bitcoin).

Overall, the survey shows that there is growing interest in crypto across the board, and it is not just isolated by certain parties. It also shows how many clients (67%) are investing in crypto on their own, and now, it seems like more and more financial advisors are finally coming around.

Recommended: New Data: 25% of Young Adults in Ireland own Crypto

 

The post The Majority Of Financial Advisors Say Bitcoin Is Going To 100K appeared first on CryptosRus.