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Why Your Adviser Might Start Talking Up Bitcoin

Why Your Adviser Might Start Talking Up Bitcoin



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10 Comments

  1. tldr; The advent of bitcoin-related ETFs makes it easier for financial professionals to help you add crypto to your portfolio. It also lets them earn fees on it.

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

  2. > In a recent survey by Bitwise Asset Management, an investment firm in San Francisco, 81% of financial professionals said clients had asked in the previous 12 months about investing in crypto. Nearly three-quarters said clients already own, or might own, digital assets.
    >
    > Only 9% said they already have put some of their clients’ assets in cryptocurrency. But 17% of the financial professionals who haven’t yet bought any crypto for clients said they would in 2021—more than double last year’s number.
    >
    > “Advisers feel the pressure,” says Ben Cruikshank, head of Flourish, a subsidiary of Massachusetts Mutual Life Insurance Co. “They feel the need to offer things clients are looking for, even if it makes them uncomfortable.”

    Nice.

  3. My advisor actually trades cryptos. Caught me by surprise lol. He works for my bank and all and I was expecting the usual “cryptos are very risky and volatile and I wouldn’t recommend it” but he said bitcoin is a great long term investment

  4. And the ETF’s will be limited on the number of Futures Contracts they are permitted to own by their respective exchange limits. Their Prospectus’s appear to afford them the ability to purchase other assets that have a high correlation to BTC. 👍

What do you think?

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