I had my mom ask her financial advisor about placing a 5% allocation into IBIT or Fedility ETF
He told her, he didn't know enough about Bitcoin to recommend it
If this is the advice the Boomers are getting, they're fucked
Discussion
how can you be a financial advisor and not know about bitcoin 🙃
Honestly still solid advice. Maybe it gives him the push to learn more about it
At least he admits he doesn't know enough.
At least he said he didn’t know. A lot of “experts” are way too arrogant to say they don’t know and will either make something up or regurgitate some shitty FUD headline they read in the Wall Street journal 5 years ago.
*they’re getting bailed out