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by throw1234651234 2144 days ago
>I assume these folks have actual intel to take this big decision

I assume it's "Our advisors can push mutual funds, they will be able to push trusts with the same fee structures and incentives to sell that hold an asset that has 10Xed before."

That alone seems like enough.

Let's say you don't believe BitCoin. If you have worked in finance, or had a financial advisor come to your company, you probably believe in their ability to sell.

People still think financial "advisors" (Series 7/63, CFP) know something / have interests besides pushing mutual funds.