Advised investors holding cryptocurrency assets on the rise
By Jean-Baptiste Andrieux 13
Boring Money’s 2021 Advice Report reveals that 9% of advised investors hold cryptocurrency assets.
Of the estimated 3.6 million advised investors in the UK today, it means that circa 325,000 own cryptocurrency assets.
Boring Money considers this finding as one of the most surprising fact of its 2021 Advice Report.
Ownership of cryptocurrency has increased over the last year, but Boring Money believes that Covid-19 is not the factor.
The price increases of Bitcoin and other cryptoassets and the normalisation of cryptocurrency all underpin this new trend.
Advised investors hold cryptoassets outside of the advice relationship in the majority of cases. Cryptoassets are sometimes compared to investing in buy-to-let.