I know an investment adviser with 500 clients. I am the only person he knows that holds crypto.
I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".
My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.
I just keep laughing
He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment
I have discussed bitcoin with several of my relatives, who are much better financially established than me (at least before bitcoin) who use financial advisors, and when I discuss bitcoin with them, each of them seems very trigger shy, even when I talk with them about low level of dollar cost averaging exposure.
One of my uncles recently seemed to be coming around to the idea because in December he said he was going to "look at" bitcoin after the new year, and then I did not hear from him until last week when he sent me text messages asking me the price direction of bitcoin, and really he was not asking me but instead wanting to confirm his theory to wait until $3k or some other low and unspecified price point.. and further he had mentioned that he was considering GBTC.... Surely I gave him a bit of an earful (in the form of text), but I doubt whether he is really listening to me, even though I have been periodically mentioning this Bitcoin stuff to him for about 3.5 years or so (since about August 2014).
My point is that smart peeps with financial advisors might be worse off than those who do not rely upon financial advisors because it remains quite difficult for so many smart people to get the recommendations of their financial advisor out of their head.. and then the ongoing onslaught of the mainstream media that nearly always is either talking about bitcoin bubble or it's imminent death or fear of govt regulation or some other nonsubstantiated corporate shill and bearish claims.