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A new era seems to be opening for American financial advisors. According to a recent survey conducted by Bitwise, 56% of them say they are more inclined to invest in cryptocurrencies after Donald Trump’s victory. Such enthusiasm intrigues as much as it fascinates, especially knowing that crypto markets evolve at lightning speed. Some professionals see it as a favorable wind, ready to propel traditional finance into new horizons. Others, more cautious, detect a terrain still fraught with uncertainties. However, one thing is certain: the dynamics surrounding Bitcoin and other digital assets continue to strengthen.
The reasons for a stunning enthusiasm
The election of Donald Trump not only shook the American political scene. His arrival in power also reignited the debate on the place of crypto in the country’s financial strategy. Some players, like Jack Mallers — CEO of Strike — already envision a presidential decree recognizing Bitcoin as legal tender. It is difficult to say whether this hypothesis will materialize, but the mere fact of discussing it sparks enthusiasm. The advisors surveyed indicate that pro-innovation speeches and the desire to bring capital closer to technological projects have contributed to their pro-digital currencies stance.
The study reveals that 71% of clients already invest in cryptocurrencies by themselves. In other words, they no longer wait for their financial advisors to recommend these assets; they go for it entirely on their own. This evolution plays in favor of greater professional support. Moreover, nearly 99% of advisors who have already taken the plunge expressed their intention to maintain or even increase their exposure to crypto. They see it not only as a growth driver but also as a way to retain an increasingly curious clientele.
Wealth managers feel that the signals are green. In their view, the crypto industry could benefit from a favorable economic environment under the new American administration. These professionals do not hide their hope of seeing the country quickly adopt more flexible regulations, allowing the cryptosphere to innovate. In fact, they already envision a positive impact on the economy, with the creation of specialized jobs and the birth of new financial services, such as index funds dedicated to digital assets.
The challenges that persist
Despite the enthusiasm, access remains a major obstacle. According to Bitwise, only 35% of American advisors can directly purchase cryptos on behalf of their clients. Moreover, Bitcoin’s volatility remains a topic of concern. Its price currently fluctuates around $93,000, after briefly surpassing $100,000. This price movement amplitude forces advisors to demonstrate pedagogy and caution towards their clients, sometimes burnt by market fluctuations.
For many, the regulatory blur still hinders a real boom in structured products around Bitcoin or altcoins. Although the Trump administration has shown some optimism towards financial innovations, crypto lawyers demand more clarity. It is not uncommon to hear that the current legal framework is not suited to the specifics of blockchain. Ultimately, the establishment of coherent rules would reassure institutional investors, likely to inject billions of dollars into this nascent sector.
American growth, international competition
Data from CryptoQuant indicate that American entities continue to hold more Bitcoin reserves than their foreign counterparts, with a gap now reaching 65%. This observation highlights the predominant position that the United States could occupy in the global crypto ecosystem. However, other countries are not left behind and already propose incentives to attract decentralized finance companies. In this race, the American leadership position could be at stake if regulation does not keep up or if innovation faces too many hurdles.
Ultimately, the pro-crypto wave sweeping through American financial advisors is not just a passing trend. The numbers speak for themselves: more than half of these professionals have been closely interested in the revolutionary potential of digital currencies since Trump’s election. But while the enthusiasm is real, it still confronts a market characterized by volatility and a changing regulatory framework. It remains to be seen whether the new political cycle will give crypto the wings it needs to soar or whether it will have to wait further before reaching its true cruising speed.
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Fasciné par le bitcoin depuis 2017, Evariste n’a cessé de se documenter sur le sujet. Si son premier intérêt s’est porté sur le trading, il essaie désormais activement d’appréhender toutes les avancées centrées sur les cryptomonnaies. En tant que rédacteur, il aspire à fournir en permanence un travail de haute qualité qui reflète l’état du secteur dans son ensemble.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
