Financial advisors are not knowledgeable enough about Ethereum.

Janak9955

Juan Leon, an analyst at Bitwise, a cryptocurrency index fund management company, believes that while many institutional investors have increased their understanding and acceptance of BTC as an investment asset, most still lack an understanding of what sets Ethereum apart. Leon stated that even investors who can differentiate between these two currencies find it challenging to contemplate their positions in a portfolio. Advisers have found it helpful when explaining that BTC can be considered a configuration similar to gold, while ETH can be seen as a configuration akin to high-growth tech stocks. Once financial advisors grasp Ethereum, they see its advantages, understanding that BTC primarily serves as a store of value, while ETH acts as a smart contract platform powering the most potent "decentralized app store." Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's killer app today is a way to store wealth outside the fiat system. Ethereum's killer app is its functionality, and ETFs do not impact that. Ethereum is widely considered to be more programmable than Bitcoin, allowing the network to host more complex applications, such as decentralized exchanges and lending services. Ethereum is often referred to as the "digital oil" powering the network because executing transactions requires this asset.

Jatin255

Not understanding as a financial advisor is not acceptable.

Jiger955

It's important to delve into this and gain a better understanding.

Kapil334

It's worth paying attention to this as well.