26% plan to recommend cryptocurrencies in the next 12 months – Bitcoin News

A recent survey of financial advisors and their investment strategies shows “a significant shift towards the acceptance of cryptocurrencies”. More than 26% said they plan to increase their recommendation for cryptocurrencies in the next 12 months. Additionally, 49% of advisors said that customers had asked them about investing in cryptocurrencies in the past six months.

Financial advisors show a clear shift towards cryptocurrencies

The survey on Trends in Investing 2021, conducted by the Journal of Financial Planning and the Financial Planning Association (FPA) and supported by Onramp Invest, was published earlier this month.

The Financial Planning Association is the main membership organization for certified financial planners, professionals, educators and financial service providers. Onramp Invest is a technology company that provides registered investment advisors with access to crypto assets.

The survey received 529 responses from financial advisors of various origins and business models. It found:

Consultants show a clear shift towards cryptocurrencies.

Cryptocurrencies were first included in the survey in 2018, when 1.4% of advisors said they are currently using or recommending them to their clients. That percentage fell below 1% in both 2019 and 2020, but rose to 14% in 2021.

According to the survey results:

More than a quarter (26%) of consultants in the 2021 survey said they plan to increase their use / recommendation of cryptocurrencies in the next 12 months. And 49% of advisors said customers asked them about investing in cryptocurrencies in the past six months, up from 17% in 2020.

Tyrone Ross, CEO of Onramp Invest, commented: “These results show that we have reached a turning point in the wealth management space. Consultants are now facing a customer base that demands knowledge, access and advice on crypto assets from their consultants. “

What do you think of this survey? Let us know in the comment section below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation to make an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.




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