The Influence of Peer Pressure on Financial Advisors in the Crypto Market
February 12, 2025 - 14:09
As cryptocurrency continues to gain traction, particularly following endorsements from high-profile figures, financial advisors are grappling with the complexities of incorporating volatile assets like Bitcoin into client portfolios. Jean-Marie Mognetti, CEO and co-founder of CoinShares, recently discussed the significant impact of peer pressure among financial advisors regarding cryptocurrency investments. According to Mognetti, there is a palpable concern among advisors about how their colleagues perceive their stance on crypto.
He notes that what was once viewed as a career risk for embracing cryptocurrency is now shifting; not engaging with these assets could potentially jeopardize an advisor's career. However, many seasoned advisors remain hesitant, reflecting a generational divide in attitudes toward digital currencies. Mognetti emphasizes the importance of responsible investing, advocating for diversification to mitigate risks. He suggests that the future lies in integrating cryptocurrencies with traditional financial assets to create products that offer better risk-adjusted returns.
MORE NEWS
December 16, 2025 - 05:05
U.S. Financial Stability Oversight Council Takes a Softer Approach to Crypto RegulationThe U.S. Financial Stability Oversight Council (FSOC) has revised its stance on cryptocurrency assets in its most recent report, suggesting a more accommodating perspective towards the burgeoning...
December 15, 2025 - 01:39
COP30 Skirts Fossil Fuels, But Markets Take Notice of Phase-OutIn a notable shift, COP30 refrained from explicitly mentioning `fossil fuels,` yet financial markets are actively responding to the inevitable transition away from these energy sources....
December 14, 2025 - 05:22
Trump’s Tariff Plans: Economic Impact and ControversyRecent discussions surrounding President Trump`s tariff policies have sparked significant debate over their economic implications. The President has suggested that the revenues generated from these...
December 13, 2025 - 05:29
House Bill Could Transform Financial Disclosure Practices and Affect USPSA recent investment reform bill passed by the House has the potential to significantly alter the operations of the U.S. Postal Service (USPS). The legislation aims to eliminate the obligation for...