Bitwise

3/ The 2020 Benchmark Survey includes responses from 415 qualified advisors of all types: independent RIAs, planners, BDs, and warehouse reps.pic.twitter.com/1aGN9NtHAi

4/ A massive 76% of advisors said they've received questions from clients about crypto in the last 12 months. Usually 5 to 10 of their clients. It's noteworthy that we're now 2 years post the 2017 hype. Crypto continues to be very top of mind for clients.pic.twitter.com/moUZBVKuUb

5/ 72% of advisors think their clients may be investing in crypto on their own *without* the advisor's oversight. This is a huge number but not surprising as crypto is historically retail-led. Often, individuals eventually ask their advisor to help with their holdings.pic.twitter.com/NJkR0HicBX

6/ 6% of advisors said they currently allocate to crypto in their client's accounts. Most advisors allocating today are Independent RIAs (69%).pic.twitter.com/CXJcjpuLFz

7/ Of advisors already allocating, almost half (42%) expect to increase their allocation. None plan to reduce it. Of advisors who haven't allocated before, 7% indicated they plan to allocate in 2020. This would be a doubling from 2019.pic.twitter.com/BdvYei5BU1

8/ The #1 motivator for advisors allocating to crypto is "low or uncorrelated returns with other assets." Selected by 54% of advisors in the 2020 report, up from 42% in 2019.pic.twitter.com/1FCBBHxreY

9/ The #1 concern preventing advisors from allocating to crypto is "regulatory concerns." This was selected by 56% of advisors, up from 42% in 2019. Also notable, the percentage concerned crypto is a scam or a bubble decreased substantially.pic.twitter.com/DqjUIoejzz

10/ Why is an ETF such a big deal? Advisors overwhelmingly (65%) said it would be their preferred way to allocate to the asset class. This is consistent with the 2019 report. We're working on it! Preferences among other structures changed meaningfully from 2019 to 2020.pic.twitter.com/a2CUNPdcnv

11/ Finally, when asked about expectations for future performance of bitcoin: * 64% expect the price to rise (up from the 2019 report) * 35% expect it to double or more in 5 years * 5% expect it to 10x or more in 5 years * 8% expect it to be worth $0 (down from 14% in 2019)pic.twitter.com/2AZ6w89WA6