Boomers keep dying. Millennials are inheriting their assets. Gen-Z is starting to get jobs and make money. Wall Street needs to keep its options open. - cc: utsav_jaiswal1 bitcoinprice cryptocurrencyinvestment
For years, my wealth management company did not approve of cryptocurrency as an investment. Whenever the crypto market went up a lot, the company sent an email to remind clients that crypto has no value and doesn’t belong in an investment portfolio.“We won’t sell you crypto and don’t think you need any, but we’re comfortable with you putting 1-5% of your assets into crypto once you’re on track to meet your financial goals.
Boomers keep dying. Millennials are inheriting their assets. Gen-Z is starting to get jobs and make money.Pssh, Mark. Institutions? They’re already in! If you lose $50 million in the crypto market, you’re looking at pitchforks, petitions, and accusations of perfidy. Use a mixer to protect your privacy? Dutch and US authorities may freeze your funds and put your developers in jail.
Since institutions invest in those projects and funds that back those projects, it’s kind of important to know whether those projects will get shut down by the government.
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