I have spent a lot of time looking into cryptocurrencies but definitely don't think of myself as qualified to offer financial advice at all. In fact, I was thinking just he other day ow happy I am that I did not convince people to buy into Bitcoin towards the end of last year. I would feel very guilty if I was at all responsible for friends / family losing money.
With regards to wealth managers not really recommending crypto to their clients is because in my mind, wealth managers are actually risk averse. They are all about consistency. Start investing a set amount early on in your life and you are guaranteed financial stability later on in life. Sure there is value in putting a portion into the high risk category, but I don't think wealth managers are happy with the crypto risks (at least for their clients) just yet. I think the number of scams and pyramid schemes in the crypto world are also preventing more mass adoption!
I think the number of scams and pyramid schemes in the crypto world are also preventing more mass adoption!
Right on the money there, and that is what I said in my article about the coming fall of Bitcoin.
https://steemit.com/bitcoin/@getonthetrain/the-case-for-usd1-000-bitcoin