Embracing Crypto: A Guide for Advisors

Don't let cryptocurrency intimidate you. Understanding its unique characteristics can empower advisors to support their clients' interests in this asset class. Bryan Courchesne from DAIM breaks down the challenges and opportunities, while Nick Rygiel from Ironclad Financial LLC answers questions in 'Ask an Expert'. Subscribe to CoinDesk's weekly newsletter, Crypto for Advisors, to get the latest insights every Thursday. The nonstop nature of crypto markets can be a game-changer, offering investors the freedom to trade at any time. However, this freedom can be overwhelming, and many may feel the need to constantly monitor prices and make snap decisions. A crypto advisor can provide a significant advantage, devoting their time to the 24/7 market and helping investors navigate volatility with confidence. Having a trusted professional oversee your portfolio can pay dividends, as they can safeguard your investments and help you avoid emotional decisions. Advisors take a professional, long-term approach to investing, helping clients avoid emotional reactions to market movements. For new investors, crypto markets can seem overwhelming, but a trusted advisor can simplify the complexity and help craft a portfolio that matches your risk profile and investment horizon. Partnering with an experienced crypto advisor allows you to navigate this market with confidence, strategy, and peace of mind. Don't be scared by crypto markets; instead, embrace the opportunities they provide, knowing that with the right guidance, you can thrive in this exciting new world of investing. Nick Rygiel answers questions on why some financial advisors have kept their distance from crypto, what advisors should learn about next, and how advisors can assist clients who want to self-custody their digital assets.