You’ve got been dwelling beneath a rock if you do not know that cryptocurrency is a reasonably difficult matter proper now.
The emotionally-charged asset class has by one estimate lost several trillion dollars in value since Nov. 2021 and is now synonymous with undesirable phrases together with “chapter,” “collapse” and “disaster.” Because the shockwaves of the collapse of FTX, BlockFi and different exchanges play out, the implications for wealth administration develop probably extra freighted.
This yr’s rollercoaster featured main gamers in monetary companies gearing up for a future that very a lot consists of digital belongings, and a sea of events ready for the White House’s directives for the reguation of crypto to evolve from a framework into one thing actual.
And whereas the market worth of particular person currencies has dropped, attitudes towards digital belongings have remained strong. Simply as research present that top web value traders who favored bitcoin at roughly $70,000 additionally adore it at $17,000, analysis from Monetary Planning mother or father firm Arizent finds that the present turmoil hasn’t altered advisors’ perspective towards the asset class. Whereas roughly half of advisors view the funding class as official, most advisors say they should have a strong understanding of it to correctly serve their purchasers and develop.
That is why Monetary Planning is happy for subsequent week’s debut of the free, two-day INVEST Cryptocurrency for Advisors conference. The occasion focuses on cryptocurrency training and options 10 periods and 30 audio system tackling the questions on digital belongings that matter most to monetary advisors. Register for the complimentary digital event today.
This is a preview of some of what we have planned: