Why Your Adviser Might Start Talking Up Bitcoin

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Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too.

Most advisers should understand that; one who nevertheless recommends a bitcoin futures fund is probably “just a salesperson, not someone focused on your long-term goals,” warns Mr. Ross.

Adding crypto to your portfolio, whether you do it or your adviser does, requires both of you to start from scratch.Have you discussed bitcoin with your advisor? How did it go? Share your experience in the comments below. If buying crypto is your idea, your financial advisers are just doing their job if they ask you to review these documents with them first.If you and your advisers together decide to buy some crypto, insist that they review your risk tolerance. They should also revise yourto mandate monthly reviews of your crypto holdings and redraft your financial plan to account for the new strategy.

 

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Might want to get some in case it takes off

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The financial advisor... lol

If your financial advisor recommends bitcoin, find someone else to advise you.

A year ago I ran into a group of financial advisers at a brewery in upstate NY, asked them if they were interested in Bitcoin or the crypto markets for themselves or their clients. BTC was somewhere in the mid teens. No interest. Now it's a much worse value and they're interested

nice

Bitcoin is like any other stock except they advertise more. The value is based on the number of people buying it. There's no magic.

Makes me extremely suspicious. Every comment on social media or YouTube gets a bitcoin scam response

I already invested into UQC but i think i will Put some more beans in it!!

Sell sell sell, when wsj wants u to buy u sell asap..

If everyone consumed like America, we would need 4 more Earths.

Who uses financial advisors anymore? With staking and hodling I get better returns than these fools and don’t have to pay them ridiculous fees for pathetic gains.

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ok its time to sell

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