Education on Crypto Assets
Education on crypto as an asset class will provide confidence, according to CoinShares.
UK financial advisers are hesitant to give guidance on digital assets due to lack of understanding, said James Butterfill, head of research at CoinShares.
Many advisers are reluctant to give advice on Bitcoin purely because they don’t understand it.
CoinShares sees education as a central part of its role, helping advisers better understand digital assets and their potential role in diversified portfolios.
The firm expects that as coverage of the asset class improves and regulators give a green light, there will be greater confidence from advisers.
Author's summary: Education on crypto assets boosts confidence.
- CoinShares provides research to help advisers understand crypto.
- UK advisers lack confidence to discuss crypto investments with clients.
- Regulatory approval will increase confidence in crypto assets.