Investment advisors, which often sweat under the spotlight of their clientele, have long been hesitant to name-drop Bitcoin (BTC) and cryptocurrencies, much less give their predictions on the asset class. Yet, in a recent survey conducted by two fintech companies, an unnamed group of advisors commented on BTC, while also conveying a not so cheeky price forecast.
Per a survey conducted by Bitcoin ETF hopeful Bitwise Asset Management, a San Francisco-headquartered crypto services provider, and ETF Trends, a financial media source, advisors expect for the value of the flagship cryptocurrency to boom in the coming years. The December poll’s results, unveiled in a company press release, was aimed at 150 financial advisors, which subsets of financial planners, advisors, and broker-dealers. The respondents were queried about crypto assets and their role in their client’s portfolios en-masse.