96% of Advisors Got Investor Questions About Crypto Last Year. Why They Still Urge Caution
Key Takeaways
- Ninety-six percent of financial advisors have received client inquiries about cryptocurrencies in the past year, higher than the prior year, a recent survey found.
- Rallying bitcoin prices, due to demand from spot bitcoin ETFs in the early part of the year and the outcome of the U.S. presidential election more recently, may have boosted interest.
- However, only a fraction (14%) of financial planners are suggesting crypto investments to their clients. Many experts don’t advise that clients invest due to volatility.
Investor interest in cryptocurrencies surged dramatically last year as bitcoin (BTCUSD) hit multiple all-time highs, but financial advisors are still urging caution, no matter how tempting an investment might…
