More than a quarter of financial advisers intend to recommend crypto investments over the next year
According to a survey, financial advisers are recommending investments in Bitcoin (BTC) and crypto assets to their clients more than ever before
A report by the Financial Planning Association released on Tuesday has taken a look at the changing attitudes toward crypto assets. The “2021 Trends in Investing Survey” revealed that more financial advisers than ever are recommending their clients have some crypto in their portfolios
The survey was conducted in March and received 529 online responses from professional financial advisers who offer clients investment advice and recommendations
The survey revealed that the figure is up significantly from the previous year, when less than 1% of advisers were recommending exposure to cryptocurrencies
Furthermore, 49% of finance professionals indicated that, in the last six months, clients have asked them about investing in cryptocurrencies, a figure that has almost trebled from just 17% in 2020
Clients appear to be less concerned with market volatility this year compared to last, the survey found