Category: general

The post 1 in 3 Young Investors Ditched Their Advisors appeared com. A survey by Zerohash found that 35% of participants have switched financial advisers for cryptocurrency exposure. Among those who switched, more than half moved assets in the range between $250,000 and $1 million. 84% of respondents said they intend to buy more cryptocurrency in the coming year. A survey by Zerohash, covering 500 US investors aged 18 to 40 with incomes between roughly $100, 000 and $1 million, found that 35% of them have switched financial advisers because those advisers did not offer cryptocurrency access. Among those who switched, more than half moved assets in the range between $250,000 and $1 million. Wealthier young investors are leading this change, as the survey found that around 50% of those making over $500,000 a year have switched to a new financial advisor specifically to get help with investing in crypto. When asked about their future plans, 84% of respondents said they intend to buy more cryptocurrency in the coming year. Additionally, most investors want more choices than just Bitcoin and Ethereum. A large 92% said that access to a wider variety of digital assets is important to them. Related: Will Bitcoin Price Rise Again? Here’s What Industry Experts Are Saying Crypto access as a must-have service For traditional financial advisors, this is a clear signal that their wealthy younger clients now see access to crypto as a must-have service. Firms that ignore this shift are likely to lose these customers to competitors who offer it. Also, more and more investors now expect cryptocurrency to be a standard part of financial planning. The fact that big companies like BlackRock and Fidelity are getting involved is boosting confidence among crypto enthusiasts. The survey points to a wider market evolution where younger investors aren’t as tied to old-school financial advisors and, as such, are more willing.