How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed.
Will McGough, director, investments, Prime Capital Investment Advisors: Advisors asking about Bitcoin ETFs based upon client questions that they field has gone from a drip to a trickle, and it’s definitely on my radar. Bitcoin has been a fun thing to talk about at cocktail parties for a long time, and it’s now easier for this conversation to be implemented than it was a few years ago.