Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too.
Most advisers should understand that; one who nevertheless recommends a bitcoin futures fund is probably “just a salesperson, not someone focused on your long-term goals,” warns Mr. Ross.
Adding crypto to your portfolio, whether you do it or your adviser does, requires both of you to start from scratch.Have you discussed bitcoin with your advisor? How did it go? Share your experience in the comments below. If buying crypto is your idea, your financial advisers are just doing their job if they ask you to review these documents with them first.If you and your advisers together decide to buy some crypto, insist that they review your risk tolerance. They should also revise yourto mandate monthly reviews of your crypto holdings and redraft your financial plan to account for the new strategy.
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