Bitcoin price drops: Crypto meltdown survival guide: Why experts say ‘Hold On’ instead of panic selling
About half of people who already invest in crypto have faced “notable losses,” according to a recent survey of financial advisors who have crypto-holding clients. Even after these losses, many advisors are not facing angry calls from clients because, until recently, most advisors did not strongly recommend crypto investments like bitcoin or ethereum.
The situation is now changing as big financial firms are slowly becoming more open to crypto exposure for clients. Earlier this month, Bank of America said that from January, its Merrill and Private Bank clients will be encouraged to invest a small amount in crypto, capped at up to 4% of their portfolio, as reported by Yahoo Finance.
Big banks warm up to crypto
Bank of America’s move…
