A financial advisor buys bitcoins personally, not advises them.
Bitcoin Standard author Seyfedian Amos announced to his 319,200 followers on X (formerly Twitter) that a family member made the point that Bitcoin was superior to the investments his financial advisor was recommending, prompting him to admit that the advisor was selling strategies.
However, the financial advisor admitted that he personally prefers to invest in Bitcoin.
Bitcoin Standard Author Questions Financial Advisor Bitcoin Refusal
In a recent X post, Amos recounted his financial advisor's response to his cousin when asked about traditional financial investment strategies, saying that Bitcoin is superior to all of them and “requires no fees or active management.”
“Financial Advisor: Good point. Honestly, that's what I do with my own money, but it's my job to sell these strategies.”
Several responses flooded the post, including one X user admitting to being kicked out of several financial Facebook groups just for mentioning bitcoin.
Read more: Bitcoin price prediction for 2024/2025/2030
Another X user revealed that this was the main reason they left the financial consulting profession. Citing their desire to maintain ethical integrity, they expressed their reluctance to recommend products that they know have not performed as well as Bitcoin.
BeInCrypto recently reported on Bitcoin's outperformance compared to other global assets. On an annualized basis, in peak years, BTC has made gains ranging from 37% (2015) to 5516% (2013).
Despite a significant decline in 2022, one of the worst bear markets for the crypto industry, Bitcoin continues to exceed the average annual income.
Experts predict continued growth in Bitcoin returns
Crypto analysts see no signs of slowing down given Bitcoin's recent returns.
On February 22, BeInCrypto's Bitcoin expert Max Keizer predicted a Bitcoin price increase of over $500,000.
Read more: What is a Bitcoin ETF?
This was reminiscent of the late 1980s when the US stock market crashed on an unprecedented scale.
According to Kaiser, the market is ripe for a correction. He cited data from the Kobe Bryant letter, showing a worrying concentration in stocks at highs not seen since the Great Depression. This indicates market congestion at the margins.
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