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Financial advisors in the US are finally warming up to Bitcoin
The Scoop
Understanding the Advisors' Perspective on Crypto
Financial advisors, typically older white males with years of experience, are hesitant to adopt crypto due to their successful track record in traditional investments, satisfied clients, and the perceived risk of introducing a new and complex asset class. The inertia stems from the reluctance to jeopardize established practices by recommending a small allocation to crypto, which is seen as insignificant compared to their clients' overall portfolios.
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