There’s still a long way to go in terms of adoption.
You would take a shot of liquor every time you heard someone say “early innings” At a conference on cryptography, it would be difficult to leave in a straight-line. It is important to understand the need for “more education” Another phrase that we often hear is “ad nauseam”.
A recent CoinShares study of financial advisors has confirmed this in specifics. Yesterday’s edition cited a statistic (79% of respondents said that their role has shifted to one of risk management, as their clients are investing in crypto themselves).
A few others are worth mentioning. CoinShares CEO Jean-Marie Mognetti was most impressed by the belief that 62% of advisors have: recommending bitcoin does not align with their duty to act in their clients’ best interests.
“This highlights a significant perception gap between regulatory approval, client demand and advisers’ fiduciary concerns,” I heard him tell me.
Another 55% said that suggesting digital assets could harm their colleagues’ reputation. This, Mognetti explained, “underscores the cultural and institutional barriers that still exist within traditional financial circles.”
Not long ago, Bitwise CIO Matt Hougan was arguing Trump’s victory and a crypto-friendly Congress. “removes the last vestige of reputational risk from crypto.”
Even though 85% (of the advisors) that CoinShares interviewed said their sentiment towards crypto has changed, and how they are advising their clients since the election.
Another fascinating finding: Gen Z and Millennial advisers are more likely to think recommending speculative assets doesn’t align with their fiduciary duty — and to say that “threats outpace innovation.”
This younger generation is more likely to be open to digital content, but they are also less familiar with it. “stronger resistance from more established industry norms and colleagues,” Mognetti said.
In terms of education, 71% claim that their company is providing them with crypto education. However, 84% will likely pay for this education (mostly through online courses or conferences).
A further 43% of the advisers mention that crypto platforms publish biased and unreliable information. Maybe you should read Forward Guidance.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
