It’s important for financial advisors to do due diligence on investing in crypto funds, and on the funds themselves.
A drop in crypto prices doesn’t mean the new financial ecosystem they represent isn’t moving forward. Here’s what you can do with your practice in the meantime.
Advisors should know the different types of clients they’ll encounter who might want to invest in crypto and understand their particular goals and needs.
Understanding the three main investment theses of bitcoin will help you not only allocate to it for clients but also parse through cryptocurrency news, analysis and commentary.
When it comes to crypto, you’ll need to be knowledgeable about new, complex topics to be a more useful and valuable advisor to clients.
Whether you’re advising on crypto, managing digital asset portfolios or just starting down this journey, the most important part for now will be the new conversations you’ll need to have.
In the journey to decide if you should even learn about digital assets and then how to make the asset class part of your practice, one of the first questions you might ask is what makes them so different.