Can You Mix Bitcoin With Financial Advice?
Courtesy of Joshua M Brown
Lots of financial advisors are hesitant to even have the crypto currency conversation with their clients because the language is so foreign and the concept of profitless ventures is so far from their expertise in evaluating investment ideas.
Some look at Bitcoin and its rival digital assets as though they’re most similar to commodities, and as such, worth whatever the next person is willing to pay for them. Others see them as a medium of exchange and still others believe the entire thing is just a scam that will soon disappear. My own take is that the blockchain is more interesting than the price of a “coin” that may or may not serve as the compensation for those willing to build out the distributed ledger’s infrastructure.
My friend Tyrone Ross came by to share his views. Tyrone is a wealth manager at Noble Bridge Partners and had previously been a financial advisor at UBS. He’s one of the only advisors in traditional wealth management who can actually speak intelligently on the subject, having been deeply involved with many of the players within crypto for many years. I also put him on the spot and asked him about his top Notorious B.I.G. joints.
Hope this is interesting and helpful for you – Josh
