50% spike in advisers allocating to cryptocurrency in 2020: Report
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
Although some advisers express skepticism about digital assets, fresh survey results show the percentage of advisers who report allocating cryptocurrency in client accounts rose nearly 50% last year.
While that increase is significant, the survey found that less than 10% of advisers are reporting
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