• Ric Edelman staged a Blockchain and Cryptoasset Pre-Event which was attended by no less than 155 of the United States’ top financial advisors and influencers in the digital asset space.
  • Before the event, 96% of the participants had a negative viewpoint on crypto assets. After the event, 89% had a more favorable view of crypto assets.

Fredric Mark "Ric" Edelman, the chairman and co-founder of Edelman Financial Services, staged a Blockchain and Cryptoasset Pre-Event with Barron’s Top Independent Advisor Summit at the Grand America Hotel in Salt Lake City. 

The event, presented by The Advisor Blockchain and Crpyoassets Council, was a 5-hour program on blockchain and crypto assets such as Bitcoin. It offered financial advisors Continuing Education Credits and was sponsored by Kingdom Trust, Bitwise Investments, Blockforce Capital, Fidelity Digital Assets, Grayscale Investments, Orion Advisor Services, Pantera Capital, State Street Global Advisors, and Van Eck.

The event was attended by no less than 155 of the United States’ top financial advisors and influencers in the digital asset space. Before the event, 96% of the participants had a negative viewpoint on crypto assets. The reason behind this negativity was:

  • 80% of these advisors said they know little to nothing about blockchain and crypto assets.
  • 92% said they were not comfortable explaining crypto asset concepts to their clients.
  • 84% don’t own any crypto.
  • 44% thought Bitcoin is a speculation and not an investment.

However, once the event was over, their perception changed dramatically. According to a post-program survey:

  • 89% had a more favorable view of crypto assets.
  • 89% no longer believe bitcoin is speculation.
  • 82% said they are more likely to buy crypto, with 71% raising their prediction about the future price of bitcoin.
  • 91% will either stop discouraging clients from buying crypto or buy it for them.

Edelman said about this turnaround:

"This remarkable turnaround in attitude by these top financial advisors demonstrates the urgency of teaching advisors about this important emerging asset class. Advisors who can't answer their clients' questions about bitcoin will lose credibility with their clients, and they may end up losing the clients."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD range-bound as CME’s futures option catch momentum

Following the failed attempt to correct above $9,200, Bitcoin suffered a devastating correction that sent it back to the support at $8,500. While the bulls acted quickly and pushed BTC above $87,600.

More Bitcoin News

Cardano Price Rises Above The 50 SMA: Ouroborous BFT consensus to launch mid-February

The crypto market is mixed and green. Among the digital assets in the green is Cardano (ADA). The last 24 hours have seen Cardano grow 7.33% from lows around $0.0420.

More Cardano News

BCH/USD spotted falling triangle hints imminent breakout

Bitcoin Cash is among the many cryptocurrencies struggling to stay afloat above key support areas. The tag pf war started on Monday when Sunday’s recovery hit rocks across the board.

More Bitcoin Cash News

Litecoin may undergo a soft fork to enhance security

Litecoin, the 7th largest digital coin with the current market value of $3.6 billion, has stayed mostly unchanged in recent 24 hours.  At the time of writing, LTC/USD is changing hands at $57.25, off the recent high registered at $63.17 on January 17. 

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

BTC

ETH

XRP