While crypto may be “newer” on the scene than other investment options, digital currencies are still gaining traction. More and more investors are allocating a percentage of their portfolio to crypto as a result, yet most crypto investors are entirely self-taught. They may have asked their financial advisor for some help if they have one, but advisors haven’t been keen on assisting clients with their crypto investments — at least not yet.

There are several reasons financial advisors have largely ignored cryptocurrencies like Bitcoin and Ethereum so far. Jeff Rose, a long-time financial advisor and the founder of Wealth Hacker, a popular YouTube channel, says he understands why most advisors are staying away, and that it’s more complex than some people think.

First, it’s a rapidly changing landscape, he says. If the advisor isn’t current on the latest information and strategies, a client could lose (or gain) a lot of

Read full article at scamguards.org


Comments are closed.