In this inaugural episode of WealthManagement.com’s “Hype or Not?” video series, Nexus Strategy President and CEO Tim Welsh and Senior Tech Editor Davis Janowski battle it out over the merits of digital assets, cryptocurrencies and the blockchain and whether they have a place in wealth management.
Is there really demand from advisors? The ever-cynical Janowski argues the demand just isn’t there, and that the early participants are too aggressive. It reminds him, he says, of the variable annuities market of a decade ago. While tech promoter Welsh admits there is some hype, he argues that crypto is ready for prime time, as tools and platforms have emerged that allow advisors to manage these assets seamlessly.
