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56% of advisers more likely to invest in crypto after Trump win: Bitwise survey

56% of advisers more likely to invest in crypto after Trump win: Bitwise survey

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Source: Coin Telegraph

More than half of wealth advisers in the United States surveyed by Bitwise say they’re more open to investing in cryptocurrency after Trump won the US election in November.

More than half of US-based financial advisers responding to a survey by Bitwise said they’re more inclined to invest in crypto due to Donald Trump’s United States presidential election victory.

Bitwise’s latest survey — conducted from Nov. 14 to Dec. 20 — asked 430 financial advisers about their attitudes toward crypto, with 56% indicating they are more likely to invest in crypto this year following the US election results on Nov. 5.

The crypto industry is widely anticipating Trump’s help in steering the US toward a crypto-friendly environment. Jack Mallers, founder and CEO of Strike, said it’s possible that Trump could issue an executive order on his first day in office, designating Bitcoin (BTC) as a US reserve asset.

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Author: Ciaran Lyons