#Bitcoin Beach

My interpretation of Bitcoin Beach

Bitcoin is everywhere but on the lips of advisers — Axios

Investment advisers approached by Axios were well aware of bitcoin's omnipresence this week at VettaFi's Exchange ETF conference in Miami. They als...

from the article: "What they're saying: One adviser at a large brokerage firm, who agreed to speak on the condition of anonymity, said they weren't allowed to even answer a client's question about bitcoin. Of note: Clients also aren't asking about it as much, he said — "they were two years ago." Between the lines: Why the Red Scare-level silence? The adviser cited the Know Your Customer and suitability rule, which says that a broker has to have an understanding of the product and the customer before making a recommendation — a lack of understanding would violate the rule. And the definition of "recommendation" under the rule is broad, causing many to just avoid the conversation."

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