56% of U.S. Financial Advisers More Likely to Invest in Crypto Following Trump’s Election Victory, Survey Shows

A new survey from Bitwise has revealed that more than half of U.S.-based financial advisers are now more inclined to invest in cryptocurrency after Donald Trump’s victory in the 2024 U.S. presidential election. The survey, conducted between November 14 and December 20, 2024, polled 430 financial advisers about their attitudes toward crypto. The results suggest that 56% of advisers are more open to crypto investments following Trump’s win, with many anticipating that his leadership could help foster a more crypto-friendly regulatory environment in the U.S.

The Impact of Trump’s Victory on Crypto Sentiment

The crypto industry has long hoped for a more favorable regulatory climate under Trump, who has made positive remarks about cryptocurrencies in the past. Many experts believe his administration could help pave the way for greater institutional adoption of digital assets. Jack Mallers, founder and CEO of Strike, even suggested that Trump could issue an executive order on his first day in office, potentially designating Bitcoin as a U.S. reserve asset.

The survey results reflect growing optimism among financial advisers about the future of crypto investments in the U.S. market. Matt Hougan, Chief Investment Officer at Bitwise, commented, “Advisers are awakening to crypto’s potential like never before and allocating like never before,” highlighting a shift in sentiment as advisers look to capitalize on the growing interest in digital assets.

Increased Interest in Crypto Among Clients

The survey also found that advisers are seeing heightened interest in crypto from their clients. Nearly 99% of advisers who are already investing in crypto plan to either maintain or increase their exposure to the asset class in 2025. Additionally, a similar percentage of advisers reported that their clients have begun asking more questions about crypto over the past year, signaling a shift in how clients view digital assets as part of their broader investment portfolios.

Bitwise’s survey revealed that 71% of advisers noted that their clients are already investing in crypto independently, without direct involvement from their advisers. This has created a business opportunity for advisers looking to help clients integrate crypto into their overall wealth management plans.

“These held-away assets represent a major business opportunity for advisers seeking to help clients integrate crypto into a broader wealth plan,” Bitwise noted in the survey findings.

Access to Crypto Still a Key Barrier

Despite the growing interest, access to cryptocurrency remains a significant barrier to wider adoption among financial advisers. According to the survey, only 35% of advisers said they are currently able to buy crypto in their clients' accounts. This limitation highlights the challenges advisers face in gaining the necessary tools and infrastructure to fully integrate crypto into their investment offerings.

Bitcoin’s Price and U.S. Bitcoin Reserves

Bitcoin’s price has seen recent volatility, briefly surpassing the $100,000 mark on January 7, 2025, before dropping to around $92,500 on January 8. Despite this fluctuation, the overall trend shows a growing accumulation of Bitcoin among U.S.-based entities. According to data from CryptoQuant, U.S.-based Bitcoin reserves reached an all-time high as of January 9, 2025, with reserves held by U.S. entities now surpassing those held by non-U.S. entities by 65%.

This trend is indicative of increasing confidence in Bitcoin and other cryptocurrencies as part of long-term institutional and retail investment strategies.

Conclusion

The Bitwise survey highlights the growing interest in cryptocurrencies among U.S. financial advisers, particularly in the wake of Trump’s election win, which many view as a signal of a more crypto-friendly regulatory environment. While access to crypto remains a significant barrier, the survey suggests that financial advisers are becoming more proactive in incorporating digital assets into their clients' portfolios. As the crypto market matures and access improves, it is likely that more advisers will engage with the asset class, further integrating it into mainstream wealth management practices.