Even after reaching a high of $20,000 in December 2017 and now falling over 80 percent to $3,500, financial advisors are finding that clients are still asking about cryptocurrencies, according to a new report by Bitwise Asset Management in conjunction with ETF Trends.
Bitwise Asset Management, the leading provider of cryptoasset index and beta funds, and ETF Trends, a leading source in exchange-traded fund news, tips, webcasts and investing ideas, released the findings of the inaugural Bitwise/ETF Trends Survey of Financial Advisor Attitudes Towards Cryptoassets.
Meanwhile, the battle with the SEC for a bitcoin ETF rages on. An ETF pushed through to the capital markets would mark a substantial victory for cryptocurrencies since it would give them a veil of legitimacy with governmental regulation–a move that could cause wider adoption by investors who are not privy to the cryptocurrency space.
Related: Top Blockchain Investor: Bitcoin “Will Go to Zero”
With Bitcoin experiencing such a unceremonious fall, what cryptocurrencies are still worth investing in? With a plethora of options to choose from, an investor could get lost easily.
In order to help pare down investor options, the video below highlights three cryptocurrencies investors might want to consider for 2019.
For more market trends, visit ETF Trends.