Spain: Demand for cryptocurrency advice is growing, according to the EFPA.

Spain is experiencing a notable shift in the financial world, driven by the growing interest in cryptocurrencies.

According to a recent study by the Spanish Association of Financial Advisors and Planners (EFPA), 61% of Spanish financial advisors have received inquiries from clients interested in investing in crypto assets.However, only 7% have incorporated these investments into their professionally managed portfolios. This discrepancy, according to the study, is primarily due to a lack of training and a lack of knowledge about digital assets.

Still, this growing interest reflects how cryptocurrencies and digital assets are transforming the financial landscape in Spain. Based on the results obtained, Andrea Carreras-Candi, director of EFPA Spain, highlighted the urgent need for specialized training so advisors can support their clients in a rapidly growing and evolving market like the cryptocurrency market.

Growing interest in cryptocurrencies as investment assets

The EFPA study reveals that more than 60% of financial advisors in Spain have received direct requests from their clients to discuss cryptocurrencies and digital assets. This growing interest is due to the global boom that cryptocurrencies have experienced in recent years and greater acceptance They are gaining ground as investment instruments and stores of value. At the same time, advisors are increasingly aware of the need to train and stay up-to-date in order to offer informed and reliable advice.

This crypto market boom has driven a notable shift in investor profiles, from young people interested in financial innovation to traditional investors who see new growth opportunities in digital assets, and even a way to diversify their portfolios and protect against inflation.

According to report, the main requests include advice on Bitcoin, Ethereum and stablecoins as a means to participate in this emerging market, as well as inquiries related to investment strategies, risk management and analysis of the behavior of these assetsFurthermore, demand is also reflected in the digitalization of consulting processes, where blockchain technology and Artificial Intelligence play a key role in streamlining data analysis and improving personalized care.

United States: Catalyst of global demand for cryptoassets

According to the EFPA, Spanish investors' interest in cryptocurrencies and digital assets is growing significantly, driven largely by regulatory advances and institutional support in the United States. approval of Bitcoin and Ethereum ETFs In this country, considered the world's leading power, it has generated a catalytic effect that has increased investor interest and confidence in Spain, with a large percentage of them considering expanding their cryptocurrency portfolios.

EFPA also highlighted that the Donald Trump's arrival to the presidency from the United States, promising to favorably regulate the innovation of digital assets, the appointment of a cryptocurrency czar and AI in the White House and the Nomination of a crypto-friendly SEC chairman, which regulates the stock market, has further encouraged Spanish investors' interest in this emerging asset class.

"From the most advanced knowledge to the most profound ignorance, clients are beginning to question whether or not to include cryptocurrencies in their portfolios.", the association said.

This growth in demand for advice on crypto assets is a trend that reflects a greater maturity of the market and a greater willingness to integrate these assets into long-term financial strategies.

Although Spain has seen an 18% growth in cryptocurrency transactions, it is still below the European average, but it stands out for having one of the highest per capita investments in the eurozone. Bitcoin remains the preferred cryptocurrency, followed by altcoins and stablecoins, while a segment of investors is venturing into memecoins in the hopes of making quick profits.

Institutional support in the United States, along with clear regulations such as the MiCA law in Europe, is facilitating adoption and creating a safer environment for investors. This international context has acted as a driving force behind interest in Spain, where the crypto community is increasingly active and confident in the transformative potential of digital assets. According to the EFPA, Spanish investors are increasingly turning to their financial advisors seeking answers to their questions about whether they are missing an opportunity for improved returns on their financial assets.

Opportunities to diversify portfolios

Cryptocurrencies offer a unique window to diversify investments, providing new growth and coverage opportunities against traditional risks. Their distinct behavior compared to conventional assets such as stocks or bonds helps reduce correlation in mixed portfolios, allowing investors to access potential benefits that were previously unavailable or difficult to integrate.

Financial advisors acknowledge that, despite the volatility, these assets can serve a valuable function as means of payment, reserve of value or innovative investment vehicles. However, the incorporation of cryptocurrencies into portfolios must be done from a cautious and strategic, considering the client's risk tolerance and maintaining the overall balance of the portfolio.

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Additionally, the rise of structured financial products, specialized cryptocurrency funds, and blockchain-focused ETFs makes it easier for retail and professional investors to access this market with greater security and oversight. The EFPA notes that this diversification attracts younger investor profiles interested in innovation, as well as more traditional investors seeking alternative assets to balance their portfolios.

Ultimately, the cryptocurrency advisory boom noted by the EFPA not only reflects a shift in demand but also a transformation in the way we think about investing, incorporating new ways to protect and grow capital in an increasingly global, digital, and dynamic financial environment.

Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.