in

Wealth managers frustrated over bitcoin, anxious for piece of the action

Wealth managers frustrated over bitcoin, anxious for piece of the action



View Reddit by blackrabbit2999View Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

4 Comments

  1. TLDR: Nearly 20% of advisors are contemplating investing in cyryptocurrencies this year due to concerns about inflation, up from 6.3% in 2019, according to a report from Citi.

    Should that happen, institutional money could flow in and push the asset class higher, analysts said.

  2. tldr; US-based wealth manager Jim Paulsen, who manages $1 billion, cannot own bitcoin in client portfolios due to regulatory constraints. This has left him on the sidelines watching the world’s most popular cyrptocurrency surge more than 900% since its March lows in volatile trading. “What I like about bitcoin is…its correlation to stocks and other assets is extraordinarily independent,” said Paulsen.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Loading…

0

What do you think?

Grayscale ha acquistato altri 174.000 Litecoin

Grayscale ha acquistato altri 174.000 Litecoin- The Cryptonomist

Analyzing Potential Short Term Price Targets via Recurring Bull Flag