Wealthy Investors Buy Crypto, Yet Many Wealth Advisers Remain Cautious

Wealth is increasingly flowing toward crypto even as broader markets wrestle with macro headwinds. A new CoinShares survey suggests that affluent investors in seven major economies are already comfortable holding digital assets—and many plan to add more this year, potentially outpacing the pace of guidance from some traditional financial advisers. At the same time, crypto is contending with a difficult backdrop for risk assets. Bitcoin is attempting to extend a strong run that culminated in its best third quarter since 2017, but commentary from market research firms highlights that elevated Treasury yields and shifting expectations for Federal Reserve policy could…

Source: Crypto Breaking News