The Scoop
Financial advisors in the US are finally warming up to Bitcoin
Jun 11, 2024
Ric Edelman, founder of DACFP, discusses the importance of financial advisors embracing crypto for client interests. Topics include Bitcoin adoption curve, updating portfolio theory, shifting perspectives, and challenges faced by advisors in understanding Bitcoin.
47:33
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Quick takeaways
- Financial advisors must embrace crypto for clients' benefit.
- Many advisors struggle to value Bitcoin using traditional methods.
Deep dives
Rick Edelman's Crypto Journey and Mission
Rick Edelman, a prominent figure in the financial advisor world, shared his unique perspective on crypto, starting back in 2012. Despite initial skepticism in the financial industry, Edelman recognized crypto's transformative potential. He founded the Digital Assets Council of Financial Professionals (DACFP) to bridge the gap between the financial and crypto communities, emphasizing the wealth creation opportunities in crypto.
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