Why Crypto’s Young & Wealthy Are Firing Their Financial Advisors
Crypto’s entered uncharted territory, or maybe off-charted is more apt. An Uptober that didn’t happen, a flash liquidity cascade that did, cratering prices for bellwether coins, and a year’s worth of Bitcoin (CRYPTO: BTC) gains – gone.
You can feel it in the ETF flows too; polite redemptions that signal something less than panic but more serious than boredom.
Plenty of perennial optimists are still waving the Everything-Is-Fine flag. Tom Lee’s spreadsheets say one thing; Michael Saylor’s cosmic conviction says another; but the broader market pulse suggests that crypto’s expected arc has, at minimum, taken a detour.
When narratives are fluid and liquidity is in retreat, smart investors seek expert counsel. The problem – and its one the crypto industry hates to admit – is that the advice on offer is often unfit for purpose.
A new survey from DeFi infrastructure firm Zerohash makes this painfully clear. Young, affluent crypto investors aren’t marginally dissatisfied with their advisors, they’re sacking them – and at a scale that should set off alarm bells in the wealth-management establishment.
The headline numbers are blunt:
- 35% of all affluent respondents moved assets away from advisors who don’t offer crypto access or advice.
- Among high earners ($500k–$1M+), that figure jumps to 51%.
- And these are not token amounts. Many shifted $250,000–$1,000,000 out the door.
This isn’t a minor service-gap problem. It’s a generational defection.
A Mature Asset Class With Immature Advice
Crypto is nearly two decades old. The first bitcoin ETF is no longer a novelty. Tokenized treasuries are scaling faster than stablecoins did in their first years. Even the SEC is beginning to treat digital assets …
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