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Cryptocurrency News Articles
Cryptocurrency Interest Soars Among U.S. Financial Advisers Following Donald Trump's Re-Election: Bitwise Survey
Jan 10, 2025 at 02:59 pm
The crypto community has expressed optimism about Trump's potential to foster a more crypto-friendly regulatory environment.
A recent Bitwise survey highlights a growing interest in cryptocurrency among U.S. financial advisers following Donald Trump’s re-election.
The survey, conducted between November 14 and December 20, polled 430 advisers, with 56% indicating a higher likelihood of investing in crypto this year due to Trump’s victory on November 5.
This interest is fueled by the crypto community’s optimism about Trump’s potential to create a more crypto-friendly regulatory environment.
Key Highlights:
99% of advisers already exposed to crypto plan to maintain or increase their investments in 2025.
71% of advisers noted that their clients are independently investing in cryptocurrencies, highlighting the rising demand for digital assets.
Despite the enthusiasm, accessibility remains a challenge, with only 35% of advisers able to purchase crypto within client accounts.
Bitcoin’s market activity surged following Trump’s election win, with the cryptocurrency briefly crossing the $100,000 mark on January 7 before settling at $92,500 the next day.
On-chain data from CryptoQuant shows that U.S.-based entities now hold 65% more Bitcoin than offshore counterparts, indicating increased domestic interest.
Trump’s administration has proposed the creation of a national strategic Bitcoin reserve, which has contributed to the optimism.
This announcement drove Bitcoin’s price to a record high of $108,135 and sparked significant activity in spot Bitcoin ETFs.
Record-breaking inflows were observed into US spot Bitcoin ETFs in 2024, exceeding industry projections. BlackRock’s iShares Bitcoin Trust ETF led the market with $37.31 billion in inflows.
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- The Best Altcoins to Invest in for January 2025 and Beyond: Qubetics, Binance, and Fantom
- Jan 10, 2025 at 08:50 pm
- The cryptocurrency market continues to present promising opportunities for forward-looking investors. As we enter 2025, a select group of altcoins is poised for substantial growth, driven by innovative use cases, robust ecosystems, and strong market potential. Among the most compelling options are Qubetics, Binance, and Fantom. These cryptocurrencies stand out as the best altcoins for January 2025 and beyond.