On this inaugural episode of WealthManagement.com’s “Hype or Not?” video sequence, Nexus Technique President and CEO Tim Welsh and Senior Tech Editor Davis Janowski battle it out over the deserves of digital property, cryptocurrencies and the blockchain and whether or not they have a spot in wealth administration.
Is there actually demand from advisors? The ever-cynical Janowski argues the demand simply isn’t there, and that the early contributors are too aggressive. It reminds him, he says, of the variable annuities market of a decade in the past. Whereas tech promoter Welsh admits there’s some hype, he argues that crypto is prepared for prime time, as instruments and platforms have emerged that permit advisors to handle these property seamlessly.