Advisers on crypto: Takeaways from another survey
A recent CoinShares survey highlights key insights regarding financial advisers' attitudes towards cryptocurrency. Notably, 62% of advisers expressed that recommending bitcoin does not align with their fiduciary duties, pointing to a significant gap between regulatory approval and advisers’ concerns. Additionally, 55% of respondents felt that recommending digital assets could damage their reputation among peers, reflecting cultural barriers in traditional finance. The survey also noted that 71% of advisers receive education on crypto from their firms, yet 84% are willing to invest in additional learning, primarily through online courses and conferences. Furthermore, younger advisers, specifically Gen Z and Millennials, are more skeptical about the alignment of recommending speculative assets with their professional responsibilities. This demographic, though generally more favorable towards digital assets, encounters resistance from established industry norms.
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