Many clients of financial advisors may be feeling the same anticipation around digital assets. Like internet technology, blockchain has real, tangible, long-term use cases. Unfortunately, the pattern for consumer adoption of new innovation is to take it to extremes, and this was very apparent with crypto. Terra Luna, Three Arrows Capital, Blockfi, Celsius, FTX, and many others are all good examples of this. Add leverage to the scenario, and we saw a recipe for disaster.
Advisors Should Reflect on Tech Stocks in the 90’s When Working with Clients
