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Financial Advisors Control $5 Trillion in Investor Wealth. Are They Buying Bitcoin? - Ep.222
Unchained
English - March 23, 2021 07:30 - 1 hour - ★★★★★ - 1.2K ratingsBusiness News News Tech News fintech bitcoin blockchain crypto cryptocurrency digitalasset digitalcurrency distributedledger ethereum laurashin Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Ric Edelman, founder of Edelman Financial Engines, and Matthew Kolesky, president at Arbor Capital, discuss the state of Bitcoin adoption amongst financial advisors, who control $5 trillion in investor wealth. In this episode, they talk about:
their background and why they got into crypto (1:25)
how most RIAs (registered investment advisors) view digital assets and the hassle of buying crypto on a client’s behalf (8:59)
what percentage of financial advisors have already invested in bitcoin and how many more will come into the space by next year (18:20)
how RIADAC -- the RIA Digital Assets Council -- is educating financial advisors about crypto (21:59)
their favorite methods to explain Bitcoin and other digital assets (25:22)
the different ways financial advisors are getting bitcoin/crypto exposure for their clients (35:32)
why RIAs use investment vehicles to purchase Bitcoin rather than spot-buying the actual asset (39:58)
why GBTC is trading at a deficit to the bitcoin price and their thoughts on a bitcoin ETF (44:40)
the percent allocation to crypto they feel comfortable with for their clients (54:26)
how they rebalance crypto holdings, whether they use yield-bearing crypto products yet, and projections for 2021 (57:35)
Thank you to our sponsors!
Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Indexed Finance: https://indexed.finance/
Episode links:
Ric Edelman
Twitter: https://twitter.com/ricedelman?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
RIADAC: https://riadac.com/
Matt Kolesky
Twitter: https://twitter.com/mkolesky
Arbor Capital: https://www.acminc.com/ + https://digital.arbor.capital/
Helpful Links:
Bitwise ETF Trends + Survey of Financial Advisors https://static.bitwiseinvestments.com/Research/Bitwise-2021-Benchmark-Survey-Financial-Advisor-Attitudes-Toward-Cryptoassets.pdf
Fidelity’s Bitcoin Investment Thesis
https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdf
RIADAC’s 12 Predictions for 2021 https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/
RIADAC 1% Allocation strategy https://riadac.com/digital-assets-are-now-mainstream/its-still-early-with-tremendous-upside-potential/
Arbor Capital’s “True Digital Asset SMA”
https://www.prnewswire.com/news-releases/arbor-digital-and-blockchange-partner-on-digital-asset-sma-for-registered-investment-advisors-301219459.html
Grayscale BTC Premium Flips Negative https://www.coindesk.com/grayscale-negative-premium-bitcoin
Blockchange https://blockchange.ai/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Ric Edelman, founder of Edelman Financial Engines, and Matthew Kolesky, president at Arbor Capital, discuss the state of Bitcoin adoption amongst financial advisors, who control $5 trillion in investor wealth. In this episode, they talk about:
their background and why they got into crypto (1:25) how most RIAs (registered investment advisors) view digital assets and the hassle of buying crypto on a client’s behalf (8:59) what percentage of financial advisors have already invested in bitcoin and how many more will come into the space by next year (18:20) how RIADAC -- the RIA Digital Assets Council -- is educating financial advisors about crypto (21:59) their favorite methods to explain Bitcoin and other digital assets (25:22) the different ways financial advisors are getting bitcoin/crypto exposure for their clients (35:32) why RIAs use investment vehicles to purchase Bitcoin rather than spot-buying the actual asset (39:58) why GBTC is trading at a deficit to the bitcoin price and their thoughts on a bitcoin ETF (44:40) the percent allocation to crypto they feel comfortable with for their clients (54:26) how they rebalance crypto holdings, whether they use yield-bearing crypto products yet, and projections for 2021 (57:35)
Thank you to our sponsors!
Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Indexed Finance: https://indexed.finance/
Episode links:
Ric Edelman
Twitter: https://twitter.com/ricedelman?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorRIADAC: https://riadac.com/
Matt Kolesky
Twitter: https://twitter.com/mkolesky Arbor Capital: https://www.acminc.com/ + https://digital.arbor.capital/
Helpful Links:
Bitwise ETF Trends + Survey of Financial Advisors https://static.bitwiseinvestments.com/Research/Bitwise-2021-Benchmark-Survey-Financial-Advisor-Attitudes-Toward-Cryptoassets.pdf Fidelity’s Bitcoin Investment Thesishttps://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdf RIADAC’s 12 Predictions for 2021 https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/ RIADAC 1% Allocation strategy https://riadac.com/digital-assets-are-now-mainstream/its-still-early-with-tremendous-upside-potential/ Arbor Capital’s “True Digital Asset SMA”
https://www.prnewswire.com/news-releases/arbor-digital-and-blockchange-partner-on-digital-asset-sma-for-registered-investment-advisors-301219459.html Grayscale BTC Premium Flips Negative https://www.coindesk.com/grayscale-negative-premium-bitcoin Blockchange https://blockchange.ai/
Learn more about your ad choices. Visit megaphone.fm/adchoices