A 50% INCREASE IN THE INVESTMENT OF FINANCIAL PLANNERS IN CRYPTOCURRENCY

  • Several financial advisors are planning to invest in the crypto market by seeing the great and positive results coming out of the crypto market. 
  • Over the last year, analysts have recorded a rise of almost 50 percent in the overall investment made in the crypto sector.
  • The thriving crypto giants, such as Bitcoin, Etherium, Litecoin have caught the attention of investment giants who always look for successful companies to make their investments.

In the past year, based on the data collected by Bitwise Asset Management revealed that there was an almost 50% increase in the total number of financial planners planning to invest in the Cryptocurrency market. The financial advisors have decided to allocate a huge amount of their investment in this market. The Bitwise Asset Management conducted the survey of investments made in cryptocurrency in collaboration with ETF trends, which is an investment website. The data showed that nearly 1,000 Financial investors invested in December. About a year ago the crypto asset value was around 6.3% higher and presently it had increased to a value of 9.4%. 

REASON BEHIND CLIENTS PLANNING TO INVEST MORE AND MORE IN CRYPTO ASSETS

We’ve seen how the cryptocurrency market has made huge profits and generated a lot of revenue in the last few months. Considering the crypto giants like Bitcoin, we’ve seen that they’ve almost crossed the $41,000 mark, which is huge in the digital currency economy, which has been facing massive declines in past years. While looking at the crypto market presently, we will see how much it has flourished and how much profit it has made. With digital currency pacing towards being more recognized by the users, its price is continuously rising and reaching surprising limits. Even Ethereum’s price rose by a fairly high percentage. 

WHAT IS LEADING TO HIGHER PRICES OF CRYPTOCURRENCY

As we have already seen in Bitcoin’s rally, how it has crossed every possible expectation. And experts suggested that it was because Bitcoin worked for hours and even on weekends. When other market companies rest on their weekend holidays, Bitcoin keeps on working, making more and more profits.. We also saw how Ethereum rose by a 30% level and Solano on the other hand is slowly posing a threat to replace Ethereum. XRP also rose by a little percentage. All these dynamic increases in the crypto market have grabbed the attention of several financial investors who are planning to invest their money in crypto, although there lies a risk factor as no one actually knows what is going to happen to the companies in coming years. 

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Source: https://www.thecoinrepublic.com/2021/01/13/a-50-increase-in-the-investment-of-financial-planners-in-cryptocurrency/