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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.

Cryptocurrency Interest Soars Among U.S. Financial Advisers Following Donald Trump's Re-Election: Bitwise Survey

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.

News source:nomusica.com

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Other articles published on Jan 10, 2025