As cryptocurrency becomes mainstream, financial advisors are faced with how to navigate crypto volatility when adding bitcoin (BTC-USD) and other crypto assets.
CoinShares CEO and co-founder Jean-Marie Mognetti joins Market Domination with Julie Hyman and Josh Lipton to discuss sentiment about crypto among financial advisors.
"What we’re seeing is like the pressure, the peer pressure among financial advisors is very strong," Mognetti says, explaining, "They’re very, very wary of what the other colleagues are going to think about them."
He adds, "It used to be a risk for your career to invest in cryptocurrency, and now it’s becoming a risk for your career not to do it, but when it comes to financial advisors, it’s still perceived as a risk because the older generation of risk advisors are still not embracing it completely."
The CEO highlights crypto investors must "invest responsibly" and diversify to not "put all your eggs in one basket," adding, "The real future is like how you start mixing cryptocurrencies with traditional assets and bring better risk-adjusted products to the market."
#crypto #youtube #investing #trump
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