The majority of financial advisors are “hesitant to invest client money in Bitcoin,” but they shouldn’t be, according to Ric Edelman, founder of Edelman Financial Engines.
Advisors Should Invest Up to 2% of Client Funds in Bitcoin
Financial advisors are especially popular in the West, where many novice and professional investors are looking for help to develop the best possible plans to generate returns or preserve value in the long-term. Bitcoin has been regarded as the best performing asset in terms of potential returns in the last few years. However, most of the financial advisors are still wary to bet on it. Some of the reasons might be their lack of knowledge about the latest fintech innovations or fears of interfering with regulatory requirements.
Nevertheless, Ric Edelman, who also founded RIA Digital Assets Council,…
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