• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
buying bitcoin wallet
Nexo

Financial Advisors Stocking Up On Bitcoin, Says Australia’s Largest Retail Crypto Broker

Georgi Georgiev by Georgi Georgiev
3 years ago
in News, Altcoin News, Altcoins, Bitcoin, Bitcoin Exchange, Bitcoin Service, News teaser
0

Financial advisors are buying large amounts of Bitcoin, says the CEO of Caleb and Brown, one of Australia’s largest cryptocurrency brokerage services.


They See Value In It…

Discussing the current state of the cryptocurrency market and its forerunner Bitcoin, Dr. Prash Puspanathan, CEO and Founder of Caleb and Brown, Australia’s largest retail cryptocurrency brokerage service, reveals that international financial advisors are adding bitcoin to their own portfolios.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

He explains:

These are wealth managers, who have their own personal cryptocurrency portfolios […] They see value in it … I’ve dealt with five or six of them personally already.

According to the specialist, at least half of their clients are from abroad with the majority coming from the US.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

However, Dr. Prash also shares that the current state of the regulatory framework is causing advisors to be wary. He holds that once cryptocurrencies become a recognized “financial instrument”, the tides will turn.

“At the moment, they’re afraid,” Prash says. “They’re scared because there’s no consistency in the messaging from the top down. Once we get some consistency, once crypto becomes a regulated financial instrument, which it isn’t at the moment, we will see the financial incumbents being able to invest in it.”

Bitcoin Price Will ‘Absolutely’ Recover

Dr. Prash also shared his take on the future state of the cryptocurrency market, saying that prices will “absolutely” recover.

I think we’ll see a few more cycles like this. While the market cap is still small, we will continue to see that volatility. So I think the bounce back will be hard. […] There are some investors who’ve been holding out and holding out waiting out for a price point like this.

Bitcoin (BTC) [coin_price] is trading in the green today, gaining around $600 in the last three days alone. The entire cryptocurrency market added upwards of $16 billion to its capitalization as well.

Bitcoinist reported December 18, that Blockchain Capital’s Spencer Bogart considers Bitcoin fundamentals to be unchanged for institutional investors, despite the prolonged bear market of 2018.

What do you think of the current state of the cryptocurrency market? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock, calebandbrown.com

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Georgi Georgiev

Georgi Georgiev

Related Posts

Bitcoin

By The Numbers: Bitcoin’s Most Volatile Day Of 2022 Compared

3 hours ago
Bitcoin

Bitcoin Spot Volume Soars, 7-Day Average Tops $10B

7 hours ago
Portugal

Portugal Stance On Taxes – Crypto Haven No More?

9 hours ago
Bitcoin

Crypto Market Madness Leads To Surge In Bitcoin On-Chain Activity

9 hours ago
Sam Bankman-Fried: Bitcoin Isn’t A Viable Payment Network

Sam Bankman-Fried: Bitcoin Isn’t A Viable Payment Network

13 hours ago
US Justice

US Justice Department Executes First Criminal Crypto Charge

14 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.