Published On: Thu, May 17th, 2018

Financial Pundit: Crypto Is Here to Stay, Financial Advisers Need to Learn About It

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Lex Sokolin of Autonomous Research has stated that he feels it’s time that financial advisers started doing their jobs properly and learned about cryptocurrency. He claimed that since investors will buy into digital currencies either way, it’s irresponsible for many so-called advisers to remain clueless about the ever-expanding financial innovation.
Sokolin: Cryptocurrency is “Really Here to Stay”
Sokolin’s comments were made during an interview with CNBC earlier today. The global director of fintech strategy for Autonomous Research claimed that the advice of many advisers to stay well clear of cryptocurrencies was a big mistake. He stated:
“Cryptocurrency is very controversial, but it’s really here to stay… And the underlying [blockchain] technology is really fundamental to the types of companies that people are building right now.”
During the interview, Sokolin went onto state that since clients of financial advisers were going to invest anyway, it was imperative that they learned about the innovation:
“So [advisors] can choose to say that this whole thing will fall apart and not get educated about it and not help [investors], but that’s really irresponsible.”
His comments come in …

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