1 in 3 young investors switched advisers over crypto access: Survey
Young and rich investors want wealth advisers to offer crypto, and some have moved their money from those who don’t, according to a survey by Zerohash.
Money managers may need to rethink their approach to digital assets, with over a third of young, wealthy investors in a recent US survey indicating they had moved on from advisers who don’t offer crypto exposure.
Crypto payments provider Zerohash’s survey of 500 US investors aged 18 to 40, released on Wednesday, found that 35% had moved money away from advisers who didn’t offer access to crypto.
Those surveyed had incomes between $100,000 and $1 million, and more than half of those who moved money due to an advisers lack of crypto offerings said they had moved between $250,000 and $1 million.
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