Investors seek crypto-native advisers for tax guidance
CoreData has shared the top areas of demand for cryptocurrency advice as seven in 10 crypto investors say they would be interested in receiving advice.
A third of crypto investors say they are working with a financial adviser on this, according to CoreData, with the asset jumping from sixth to third in terms of most-held assets.
The research firm’s whitepaper found 12 per cent were holding cryptocurrency, behind 19 per cent who hold cash and 21 per cent who hold Australian equities. The proportion of those holding cryptocurrency was higher than those holding ETFs at 10 per cent.
The median allocation was 20 per cent but those who worked with an adviser said they typically made a smaller allocation than this, especially for…
