Crypto for Advisors: The crypto advice gap
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
AI-generated summary based on the linked source; not independently verified. This is not investment advice. Verify market-moving details at the original publisher before acting. See our editorial policy, AI content policy, and financial disclaimer.
Summary
CoinDesk’s "Crypto for Advisors" newsletter highlights a growing gap between clients who hold crypto assets and traditional financial advisors who do not manage these holdings. Joyce Lai surveyed crypto-native individuals, mostly senior professionals and mothers, finding most treat cryptocurrencies like bitcoin and ether as long-term holdings already integrated into their estate plans. However, very few use wealth advisors to manage their crypto, citing a need for demonstrated crypto expertise, privacy, tax and custody competence, and credibility.
Why it matters
The source emphasizes advisors risk losing relevance if they ignore crypto as a long-term asset class increasingly reflected in clients’ estate and inheritance planning. The ability to streamline financial lives by managing digital assets alongside traditional investments may become a decisive factor in maintaining advisory relationships. The newsletter suggests advisors must evolve to provide cohesive family office-style services and collaborate with clients, including the next generation who are comfortable with AI tools.
Key context
The report is based on an informal survey of members of the Real Mamas of Crypto community, a global network of over 220 tech professionals who are crypto-native and household finance decision-makers. Many respondents view crypto as a core, buy-and-hold component of their portfolios, contrasting with mainstream portrayals of crypto users as short-term traders. The discussion includes expert insights on market sentiment, advising on crypto during volatile periods, and the importance of disciplined long-term ownership.
Key numbers and entities
The Real Mamas of Crypto community has more than 220 senior tech professionals. The newsletter features commentary from Joyce Lai, founder of Real Mamas Community and New Territories LLC, and Bryan Courchesne, CEO of DAiM. The crypto assets mentioned as core holdings include bitcoin, ether, and solana.
What remains unclear
The source does not flag open questions but is based on an informal survey, which may limit the representativeness of the findings. It does not provide detailed data on how advisors might practically develop the required competencies or transform their services to capture this market need.