Financial advisers are betting on Bitcoin as a hedge
Cointelegraph
Published Jan 13, 2021 01:17PM ET
Updated Jan 13, 2021 03:00PM ET
Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets.
The "Bitwise/ETF Trends 2021 Benchmark Survey" reveals that 9.4% of financial advisers were allocating to cryptocurrencies in 2020 — an increase of 49% from the previous year. Of the advisers not currently allocating to crypto, 17% said they will either “definitely” or “probably” gain exposure in 2021.
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Written By: Cointelegraph
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