Take The Plunge, Ric Edelman Advises Crypto-Wary Advisors

Ric Edelman is a pioneer among RIAs who have fiduciary duties to their clients. Edelman says clients may be dipping their toes into the crypto waters without consulting their advisors. Many advisors remain unconvinced of the value of cryptocurrencies. The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have been unclear about the appropriateness of investments in specific currencies. For now, clients and advisors have enough on their plate, from inflation to a bear market to fears of a recession, that cryptocurrency is at the bottom of the list, says one advisor. The most recent plunge, Grayscale Bitcoin Trust, which is down 62% year to date, may be meant to be a result of the recent plunge. Source