Crypto Cautious Wealth Managers Lose Affluent Investors' Trust

Key Summary

A CoinShares survey of 2,230 investors in 7 major markets found that affluent investors trust wealth managers most for crypto information, yet many feel their advisers are too cautious. In 4 markets, over 40% of respondents with an adviser reported feeling this way. The top reasons for this caution cited by advisers include volatility (56%) and crypto's speculative nature (52%). Despite this, 69% of current holders open to advice would consider working with a crypto-savvy wealth manager, and 98% would pay for expert guidance. 71-91% of respondents plan to add crypto exposure this year, but 88% lack confidence in their knowledge.