reading rumours that there are some big financial advisors sending emails saying they will start setting portfolios at 1% black rock paper btc unless the client opts out
not a fan but a big deal
Discussion
Saw that too. The advisor space is built on trust. If the clients trust the advisor, then the allocation and terms should be fine. If mistrustful, then this is likely the straw to break the camel’s back.
Feels disrespectful, IMO.
yeah, I mean I don't use them since I'm all in BTC but they do this for other stuff
it does mean "passive" investment into paper btc
most people will just discard those letters and they don't care what their advisors buy