Tags: Financial Advisers

(serggn/GettyImages)

(Hans-Jurgen Mager/Unsplash)

(Onramp)

(Maskot/GettyImages)

(theburtons/GettyImages)

Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin‘s steadily increasing price, are what they should be paying attention to.

The disconnect between financial advisors and their clients around crypto has become increasingly apparent, given that 37 of advisors personally invested in crypto compared to 83 of their clients that have, according to one 2023 survey.

Financial professionals stand to benefit greatly from blocking off just one hour per week to learn about a digital asset, such as one of 500 included in CoinDesk‘s Digital Asset Classification Standard.

AI and blockchain could assist in decisions around investments, taxes and insurance, and open up new avenues for income. But financial advisors will still play a key role.

CEO of Digital Asset Research, Doug Schwenk, thinks that vetting crypto exchanges can open doors to more institutional investment.