More than 90 per cent of IFAs would not suggest crypto to clients

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City AM

By Hamza Fareed Malik Over 90 per cent of Independent Financial Advisors (IFAs) in the UK would not recommend crypto investments to clients. Following the recent crypto crash that saw prices of major cryptocurrencies plunge, 93 per cent of IFAs say they would not advise clients to invest in crypto, research by strategic insight firm Opinium found. The “crypto winter” has hit investor confidence, with 65 per cent of IFAs saying their clients had lost money on crypto and 71 per cent saying their clients had changed their minds about investing in crypto after initially planning to. Over half of t…

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