DeCrypting Crypto

UK Adults now holding more Cryptoassets

This information comes from the U.K. Financial Conduct Authority and states that 2.3 million adult Brits hold cryptoassets compared to 1.9 million last year. 71% of respondents could only identify the definition of cryptocurrency from a list of statements which means the knowledge is still not there.

Another survey of U.K. independent financial advisers, 95% said they would not advise clients to invest in crypto or meme stocks, such as GameStop. The video-game retailer’s shares went from $18 to $483 in January,¬†driven by Reddit forum WallStreetBets.

As the Crypto world and social information from platforms moves so quick are independent financial advisers getting left behind?

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