The Role Of A Financial Advisor In A Hyperbitcoinized World

The Role Of A Financial Advisor In A Hyperbitcoinized World

As bitcoin reduces the traditional usage of financial advisors, their role may shift to help facilitate wealth preservation.Many Bitcoiners may have a sour taste in their mouth when they think of financial advisors. Maybe it’s because they repeatedly tell their loved ones that Bitcoin is a ponzi scheme or worthless. Being wrong for years, and refusing to admit it the entire time, makes Bitcoiners hesitant to think highly of advisors.And to be frank, many financial advisors likely don’t think very highly of Bitcoiners. Many advisors don’t buy into the HODL philosophy: “You think all you....


Related News

Blockchain Firm Denies 'Conflict of Interest' for Advisor Yanis Varoufakis

Blockchain technology firm Tembusu Systems has hit back at claims Greek finance minister Yanis Varoufakis' role as its advisor represents a "conflict of interest" for the politician. On Monday Greece's weekly paper Proto Thema produced emails from a company representative claiming Professor Varoufakis was still "affiliated to Tembusu in an advisory role" as recently as March 2015. This role "raises legitimate questions about a conflict of interest in Varoufakis' support of an extreme albeit innovative method for financial transactions," the paper said. In a statement posted online, Tembusu....

Are Financial Advisors Missing Crypto?

On this episode of the 'On Purpose' podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average Financial Advisor.

Ripple Appoints DTCC's Former CEO as Advisor

Digital currency startup Ripple Labs has appointed Donald Donahue, former CEO of the Depository Trust & Clearing Corporation (DTCC) as an advisor to the company. DTCC is the main clearing house for US securities and derivatives, processing more than $1.6 quadrillion in transactions per year. In his role as COO and then CEO, Donahue is thought to have led the DTCC's efforts in stabilising the financial system following the 2007-08 market crash. Donahue said in a company statement:

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin Millionaire U.S. President Joe Biden’s tech advisor, Tim Wu, is a millionaire in bitcoin, Politico wrote in article this week, quoting his personal financial disclosure. The declaration has been provided to the publication by the Brown Institute for Media....

Time for Russia ‘To Ban Bans’ Says Putin Business Advisor

Russian president Vladimir Putin’s business advisor has said the country should “become the world leader in the Blockchain space.” Putin’s Advisor: ‘Time to Ban Bans’. Speaking to news resource Znak, Boris Titov, who also leads the rival, supposedly Kremlin-allied Party of Growth, advocated Bitcoin’s underlying blockchain technology as Russia’s gateway....