Most financial advisors still overlook Bitcoin, despite its increasing adoption and potential as a high-growth asset. Whether due to outdated investment models, risk concerns, or fee structures, advisors rarely discuss Bitcoin as a viable option. In this article, we explore the reasons behind this hesitancy, Bitcoin’s growing role in global finance, and how Australians can take control of their investments with Elbaite.
For decades, financial advisors have been the go-to experts for guiding investment decisions. They typically recommend traditional assets like stocks, bonds, and real estate—the familiar pillars of wealth-building. However, in today’s fast-evolving financial landscape, there’s one asset many advisors aren’t discussing: Bitcoin.
Despite Bitcoin’s significant growth—having surged over 500% in the last five years and 40% year-to-date—a survey by Cerulli Associates reveals that only 2.6% of financial advisors actively recommend crypto opportunities to their clients. Additionally, just 12.1% of advisors are willing to discuss crypto if their clients request it. This suggests that Bitcoin remains largely absent from mainstream investment conversations, leaving many investors unaware of its potential.
So, why don’t more financial advisors recommend Bitcoin? Is it due to a lack of understanding, or does Bitcoin challenge the traditional investment playbook? In this article, we explore why Bitcoin is gaining traction and why it might be worth considering in your portfolio.
Bitcoin has evolved beyond its early stages and is increasingly recognised as an asset with growing institutional interest. What began as a niche digital currency has now developed into a mainstream asset class. The approval of multiple Bitcoin ETFs signals its increasing legitimacy in the financial world.
Here are some reasons why more Australians are exploring Bitcoin:
Despite Bitcoin’s advantages, many financial advisors remain reluctant to recommend it. The Cerulli Associates survey confirms this trend, showing that only a small percentage of advisors are willing to discuss or endorse crypto investments. Here’s why:
If you’re looking to invest in Bitcoin, choosing the right platform is crucial. Here’s why Elbaite stands out:
Bitcoin’s growing adoption by institutional players is a clear signal that the investment landscape is evolving. While financial advisors may not always introduce you to emerging assets like Bitcoin, it’s up to you to stay informed and take control of your financial future.
At Elbaite, we’re here to support your journey into digital assets with the insights and tools you need. Join over 18,000 Australians who are exploring Bitcoin with Elbaite.
Founded in Melbourne, Australia in 2017, Elbaite set out to make cryptocurrency investing safer and more transparent for Australians. Buy crypto and diverisify your portfolio with digital assets like Bitcoin.
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