Growing Number of Advisors Now Recommend Crypto

As a result, the number of clients investing in digital assets has also increased
Image credit: © Ironjohn | Dreamstime.com

A greater number of clients now own digital assets, reports a new survey of financial advisors by the Digital Assets Council of Financial Professionals (DACFP).

According to the latest Advisor Pulse Survey for Q4 2024, 24% of advisors say that half of their clients have bought alternative assets.

The uptick in usage comes as more advisors warm up to digital assets, the DACFP finds. Twenty percent of advisors now recommend cryptocurrencies to all their clients—nearly double compared to Q3 2024. Furthermore, 64% advise the usage of crypto to 10% of clients while 35% recommend digital assets to at least half of participants.

“These findings demonstrate a significant acceleration in crypto adoption among both advisors and their clients,” said DACFP Founder Ric Edelman. “The steady increase in allocation recommendations suggests growing advisor confidence in digital assets as a portfolio component.”

According to the DACFP, 30% of advisors who recommend crypto generally suggest an allocation of 2% of assets, while 20% recommend a 5% allocation. The number of advisors who propose allocating between 10% to 14% of assets increased by 3% in Q4, the survey finds.

Of those who are not recommending crypto, 46% plan to do so within the next year, while 33% say they will begin to within the next six months. Of those planning to start soon, 90% will suggest allocations between 1% to 5%.

The growing interest in alternative assets among advisors appears as the Trump administration leans into cryptocurrencies. Findings from a recent survey by Bitwise Asset Management, a global crypto-specialist asset manager with over $12 billion in client assets, and VettaFi, an exchange-traded fund (ETF) platform, reports that 56% of advisors are more likely to invest in crypto in 2025 due to the new administration.

Still, advisor skepticism in the investments remains high. An April survey of 2,000 financial advisors by Cerulli Associates found that 59% of advisors do not currently use or plan to use cryptocurrencies in the future.

SEE ALSO:

Crypto Usage Represents Less than 1% of DC Plan Investments

Trump Win Boosts Advisor Interest in Crypto as Spot Bitcoin ETFs Celebrate Strong First Year

Trump Signs Executive Order Supporting Crypto

Amanda Umpierrez
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.

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