Anonymous

10 May 2021

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Just wondering, as bitcoin becomes increasingly popular, do financial advisors then have to adapt accordingly to become qualified to advice on cryptocurrency investments?

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Lin Yun Heng

10 May 2021

Senior Analyst at Delphi

The whole point of Bitcoin and crypto is to allow individuals to have the power to be their own bank as crypto is decentralised.

Financial advisors/insurance agents are merely middleman and sales people so unless there is an incentive for them to earn commissions through crypto (which I doubt will happen unless there are crypto-focused hedge funds), then I doubt many will have the requirement to advice on crypto investing.

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