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Crypto Trends for FAs to Watch in 2022  

Crypto has been a hot topic with financial advisors and clients in 2022. Here are some trends financial advisors may want keep an eye on in 2022, according to a recent opinion piece published in Coindesk.

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Redtail Technology CEO Brian McLaughlin says there will be “a lot of stuff coming in the financial space that will be focused on crypto.” New technology will make it easier for advisors to keep clients in their sphere of influence.

Shifting public sentiment

UX Wealth Partners CEO Kyle Wiggs said the public’s opinion of digital assets is shifting. He says that economic trends could bring about new interest crypto. “If inflation continues, if we get three rate hikes or more this year, if we continue to pump more money into the financial system, it will start to become a real thing for advisors, and if they don’t embrace it, crypto becomes a real threat to their business,” he says, according to the article. “Clients want exposure; if you don’t offer it in a simple and compelling way, they will take a percentage of their portfolio and go elsewhere.”

Blockchain and the metaverse

Dan Eyre, CEO of BITRIA, says blockchain technology is “leveling up the fundamental infrastructure that the world operates on, and in the process, you have a lot of centralized mechanisms being disintermediated across all of those spaces.”

Eyre is also watching the metaverse, which represents “a step forward in the ways humans learn, store and share information potentially as profound as the advent of the internet. Yet even as the metaverse is born, many advisors are still debating whether to offer tokens like bitcoin and ethereum to their clients and wondering if cryptocurrency is right for their businesses.”

Read the full article from Coindesk.

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