Each year, Bitwise Asset Management conducts an advisor crypto sentiment survey alongside VettaFi. This year marks the seventh year for the survey and showcased a significant sentiment shift in favor of crypto. Geraci shared that of advisors surveyed, 96% reported their clients inquiring about crypto in the last 12 months. “Some advisors are skeptical about adding crypto to a client’s portfolio because of volatility or the challenges of assessing fair value,” Rosenbluth elaborated. That said, regardless of how advisors feel regarding crypto, they now need at least some level of education on cryptocurrencies. “Clients are asking questions — advisors need to some answers or be able to point people to the experts that do.” The November presidential election results proved a major turning point for over half of advisors. Geraci noted that 56% of advisors surveyed reported a higher likelihood of crypto investing in the next year because of the election. Among potential reasons to bolster growing confidence, the incoming SEC Chair, Paul Atkins, takes a more favorable approach to crypto compared to current Chair Gary Gensler. The creation of a crypto advisory council could also prove favorable for crypto investors. That said, it remains to be seen what actual policy the incoming administration will follow through on.