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Wealth advisers want in on bitcoin ride Regulatory hurdles prevent managers from owning cryptocurrency in client portfolios Reuters March 06, 2021 After touching record high of just under $20,000 in late November, bitcoin stalled and even went below $17,000. PHOTO: REUTERS The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen’s enthusiasm for the cryptocurrency. Yet Paulsen, Chief Investment Officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to regulatory constraints. This has left him on the sidelines watching the world’s most popular cyrptocurrency surge more than 900% since its March lows in volatile trading that also saw bitcoin lose more than 20% in the span of a few days.

Nova scotiaUnited statesJim paulsenViraj patelTodd rosenbluthJimmy leeRobert jenkinsGary genslerJoe bidenGreyscale bitcoinLeuthold groupBlackrock incGlobal head of research at refinitiv lipperExchange commissionWealth consulting groupJp morgan