Can your advisor tell you which crypto to buy?
Join Our Telegram channel to stay up to date on breaking news coverage Whether it is rising or falling, bitcoin attracts a lot of attention: In 2021, 94% of financial advisors answered client inquiries about cryptocurrencies, according to a Bitwise and ETF Trends poll . According to the same survey, 47% of advisors had cryptocurrency assets in their personal portfolios. However, only 16% of advisors have cryptocurrency allocated in client accounts. Even while investors are interested in holding cryptocurrency, advisors may seem reluctant to suggest the category of digital assets. Whether your adviser will assist you with your cryptocurrency investments will rely on how they feel about the future of cryptocurrencies, the resources they have at their disposal, as well as your risk tolerance and financial objectives. In this article we explain why your advisor might be hesitant to suggest cryptocurrency, what questions to ask your advisor about cryptocurrency, and what to do if y...