Donald Trump, who came to the fore with his support for Bitcoin (BTC) and cryptocurrencies and won the presidential race, increased the interest in crypto in the USA.
Accordingly, investors said they were more open to investing in cryptocurrencies after Trump won the US elections in November.
According to the results of a survey conducted by Bitwise, the number of investors looking to invest in cryptocurrencies in the US increased after Trump's victory.
Accordingly, more than half of the US-based financial advisors who participated in the Bitwise survey stated that they were more inclined to invest in cryptocurrencies after Trump won the US presidential election.
According to the data, 56% of respondents said they were more likely to invest in cryptocurrencies this year following the November 5 election.
It was stated that these results include Trump's pro-crypto stance and the increasing expectation that there will be more crypto-friendly regulations in the US with the Trump administration.
Matt Hougan, Bitwise’s chief investment officer, commented on the survey results:
“Advisors are realizing the potential of cryptocurrencies like never before and are dedicating more resources to investing than ever before.”
Additionally, 71% of advisors stated that their clients invest in cryptocurrencies independently.
Bitwise analysts stated that users still have trouble accessing cryptocurrencies, according to the survey results, and said, “Access remains the biggest barrier to crypto adoption. Only 35% of advisors said they can buy cryptocurrencies from their client accounts.”
*This is not investment advice.
