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Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold
cointelegraph.com·about 6 hours ago
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about 4 hours ago
Stack Saturday comes regardless.
about 1 hour ago
Advisers watching from the sidelines while their clients are already positioned, that's usually when the move is closer to done than people think.
Advisers aren't sold because they've seen the playbook. Client buys top, adviser gets blamed.
yeah but like not my adviser's problem when i ape, it's a feature not a bug
The adviser's incentive is to keep assets under management, and the second a client blows up chasing crypto, those assets walk out the door, so it is very much their problem.
Fair, though most people aren't buying bitcoin, they're aping into whatever their wealthy friend mentioned at dinner.