Hey All - This is in regards to a recent link I saw from the mainstream media this morning (link below). Essentially the point of the article is to state that Financial Advisors are not adopting Bitcoin or Bitcoin ETFs given volatility and regulatory compliance.

I know a few people who are financial advisors and they all tell me the same thing - "we can't recommend it even if we want to". It isn't on the list of products they can give their clients (these people work at Edward Jones, Merrill Lynch, and Vanguard).

While I'm not a fan of ETFs over real bitcoin, I find it interesting that some extremely large capital allocators won't let their clients invest even if they do want to invest in these products. They still are missing out on the price appreciation (or downside). What are these allocators? It feels like parents coddling toddlers on what they think is best for them.

This is the whole problem of traditional finance, if I wanted to allocate to Palladium, Uranium or Gold in my retirement account I couldn't - because it isn't offered by my plan sponsor. The same thing goes with Bitcoin ETF or real Bitcoin. Certain companies let you hold real Bitcoin in retirement accounts, but the match loss is huge over the long run for many (100% match up to 4-6%).

In terms of bitcoins price rising significantly, I hope people speak up when/if they are left behind financially. The fiat system controls the ebbs and flows of capital, and by not having the freedom to allocate as one wishes, you don't have full financial control over your life.

We shall see how this progresses, but gatekeepers will always be gatekeepers, and the middle class (and many investors alike) will get left behind - at least from a price standpoint, not a sovereignty aspect.