Tags: Financial Advisors

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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.

HeightZero provides a platform for financial advisors to plug in to as a means of offering their clients exposure to a range of assets.

When crypto winter ends and investment activity blossoms once again in the digital assets space, financial advisors should be prepared to hear a new litany of questions from clients about the risks and opportunities in cryptocurrencies.

Advisors are warned by the Certified Financial Planner Board of Standards (CFP Board) and the Chartered Financial Analyst Institute (CFA Institute) to look before they leap.

If we’re looking ahead, let’s really look ahead.