📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
US Financial Advisors Who Could Determine the Fate of Cryptocurrencies Spoke: Did They Warm Up to Cryptocurrencies After the Rise?
Bitcoin, reaching a record high of $108,000 after the November US elections and with increasing enthusiasm for President-elect Donald Trump's crypto-friendly policies, many financial advisors are hesitant to recommend cryptocurrency investments to their clients.
Marianela Collado, CEO of Tobias Financial Advisors and a certified financial planner (CFP), said, “As traditional long-term planners, we are not currently including crypto in our portfolio allocations.” Collado advised clients to only invest in crypto as much as they can afford to lose, emphasizing the need to be cautious.
Skepticism primarily stems from regulatory uncertainty and the inherent volatility of cryptocurrencies. A Cerulli Associates survey conducted in April, when crypto prices were lower, revealed that 59% of financial advisors either did not use or had no plans to use cryptocurrencies. Another 26% said they expected to use crypto in the future, while only 12% indicated they used it based on client demand. Less than 3% of advisors actively recommend cryptocurrencies.
Financial advisors often point to ETFs as a safer and more accessible option for investors who are determined to add digital assets to their portfolios.
Mariner Wealth Advisors CFP Ashton Lawrence said, “This really depends on what the client is looking to achieve and how comfortable they feel navigating this market,” and added, “If they are looking for an easy solution, ETFs may be the best way.”
Brian Hartigan, the global head of ETFs at Invesco, said on CNBC's Halftime Report program that "Bitcoin ETFs have become a preferred tool for Bitcoin holders".
Advisors warn their clients to limit their cryptocurrency investments to 1% to 5% of their overall portfolios, based on individual risk tolerance, financial goals, and time horizon.
Lawrence, 'Crypto can play a role, but it is important to see it as a high-risk asset,' he said, adding: 'For most investors, it should remain as a small allocation within a diversified portfolio.'