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Raising Curious Clients’ IQs About Bitcoin ETFs
Regardless of an advisor’s personal opinions about spot bitcoin ETFs, clients inevitably will ask about it. In fact, they may ask a lot. Because when I checked my screen today, it showed bitcoin at nearly $61,000. This is when the clients who never ask about anything ask, “why don’t I own bitcoin?” or “should I own bitcoin.” The biggest cryptocurrency is up a lot—44% this year alone—so the advisor must strike a careful balance. On one hand, the advisor may assess that the client is falling prey to the classic “shiny object” syndrome. That is, they are enamored with cryptocurrency simply ... (full story)