From Bears to Bulls: Financial Advisors Change Opinions About Bitcoin After Crash Course

From Bears to Bulls: Financial Advisors Change Opinions About Bitcoin After Crash Course
фото показано с : bitcoinist.com

2019-3-30 17:00

Financial advisors only need to be educated on Bitcoin (BTC) to turn from skeptics to believers. 

Ric Edelman staged a Blockchain and Cryptoasset Pre-Event with Barron’s Top Independent Advisor Summit ten days ago. The event offered financial advisors Continuing Education Credits and was sponsored by major blockchain and cryptocurrency players Kingdom Trust, Bitwise Investments, Blockforce Capital, Fidelity Digital Assets, Grayscale Investments, Orion Advisor Services, Pantera Capital, State Street Global Advisors, and Van Eck. It was presented by The Advisor Blockchain and Crpyoassets Council.

At the event, no less than 155 of the United States’ “top financial advisors and influencers in the digital asset space” underwent a half-day of training and education pertaining to distributed ledger technology and cryptocurrencies / digital assets. Most of them went in as bears but came out as bulls — if an official press release is to be believed.

Newfound Bitcoin Bulls

According to said release, “virtually every participating advisor (96%) who completed a survey said they do not recommend cryptoassets to clients and almost eight in 10 (79%) do not plan to do so,” before the event.

Afterward, 89 percent held more favorable views towards cryptoassets and no longer considered Bitcoin (BTC) mere speculation. 82 percent, meanwhile, claimed they were more likely to purchase cryptocurrencies. 71 percent left believing Bitcoin would reach higher prices than they initially expected. Perhaps most importantly, 91 percent stated that they would cease discouraging their clients from purchasing cryptocurrencies.

Interpreting the results, Edelman stated:

This remarkable turnaround in attitude by these top financial advisors demonstrates the urgency of teaching advisors about this important emerging asset class. Advisors who can’t answer their clients’ questions about bitcoin will lose credibility with their clients, and they may end up losing the clients.

Who would’ve thought that a little knowledge on the subject would turn financial advisors into Bitcoin bulls? Now, they just need to read the whitepaper.

What do you think about financial advisors changing their opinions after a half-day of Bitcoin education? Let us know your thoughts in the comments below! 

Images courtesy of Shutterstock. 

The post From Bears to Bulls: Financial Advisors Change Opinions About Bitcoin After Crash Course appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 71170.12 (+0.31%)
Объем 24H $51.372b
Изменеия 24h: 5.99 %, 7d: 13.55 %
Cегодня L: $68995.48 - H: $71441.63
Капитализация $1401.752b Rank 1
Цена в час новости $ 4094.17 (1638.33%)

advisors financial bitcoin investments blockchain advisor capital

Источник: bitcoinist.com

advisors financial → Результатов: 29


Фото:

Financial Advisors Should Allocate Client Funds to Bitcoin, Executive Says

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.

2020-1-28 04:00


Tom Lee’s Fundstrat Bitcoin Price Prediction Machine Revs Up Again: Improvements Will Increase Value

Fundstrat Global Advisors is a research company in New York, and they publish a report yearly regarding the financial state of the economy, with a particular interest in cryptocurrency. Based on the new report that is presently available, there are multiple improvements that the company believes that can be made in the crypto industry to […]

2019-2-11 04:31


Фото:

Bitcoin Price: Financial Advisors Targeting $17,571 in Dec 2023

The majority of financial advisors believe that Bitcoin will increase in price over the next half-decade.   This finding comes from a Bitwise Asset Management’s and ETF Trend’s inaugural “Bitwise/ETF Trends Survey of Financial Advisor Attitudes Towards Cryptoassets,” which surveyed more than 150 financial advisors — including independent broker-dealer reps, financial planners, and wirehouse reps — last month.

2019-1-30 00:00


Caleb and Brown Crypto Broker CEO Says Financial Advisors Are Buying Bitcoin (BTC) in Bulk

It seems that the bear market in the cryptocurrency space is a good opportunity for investors and financial advisors to purchase virtual currencies. According to the CEO of Caleb and Brown, one of the largest crypto brokerage services in Australia, financial advisors are purchasing large amounts of Bitcoin (BTC). Caleb and Brown, which was founded […]

2018-12-20 19:38


Omniex Crypto Trading Platform Adds Former SEC And FDIC Executives To Its Staff

Omniex, which is a crypto trading platform focused on institutional investors, has recently called two high profile US financial regulators for its board of advisors. They are the former US Securities and Exchange Commision (SEC) chairman, Arthur Levitt and Sheila Bair, which was the chair of the Federal Deposit Insurance Corp (FDIC). The company has […]

2018-8-8 11:38


The Financial Literacy Gap Among Millionaires

How much do Millionaires know about financial terms and concepts? How much do Millionaires NOT know? Do advisors mistakenly assume Millionaires are more financially literate than they actually are?   Q2 hedge fund letters, conference, scoops etc These issues and more are analyzed in Spectrem’s newest market research report: The Financial Literacy Gap Among Millionaires. Here […]

2018-8-1 20:18


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


Crypto Investors around the world are losing perspective on risk

A survey conducted by Natixis Investment Management, has found that the worldwide bull run the financial world is currently in the midst of is causing investors to be complacent regarding risk. The survey polled 2775 financial advisors around the world, 82% of which found that complacency has sunk in to their clients as the markets […] The post Crypto Investors around the world are losing perspective on risk appeared first on ZyCrypto.

2018-6-14 14:22


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Just In: Craig Wright to Cough Up $658K in Court Fees

The estate which accused Craig Wright of stealing $10 billion worth of Bitcoin from his deceased partner, Dave Kleiman, is asking him to cough up about $658K in court fees. The declaration appears after Magistrate Judge Bruce E.

UN: North Korea Cyberattack Methods Revealed

Following revelations that North Korea amassed $2 billion in cryptocurrency for weapons programs, a new report discloses further details.  According to the United Nations, it is investigating a total of 35 North Korean cyberattacks in 17 countries.

A Bumper Bullish Week For Bitcoin

You know those weeks when the world just seems to be on your side. Everything goes right, and even seemingly unrelated events conspire to work out in your favour? Well Bitcoin just had one of those weeks.

Cryptocurrency Security Threats Are Keeping the Market Down

From the start, Bitcoin has been seen as something of a ‘behind closed doors’ asset. With SilkRoad and other black market sites been heavily Bitcoin dependent, the image has not been good.   While this has begun to change, and the general public has started to hear more positive reports, things are still touch and go.