Bitcoin is in the news, and we’ve all seen the stories about early investors who’ve made millions and driven away in new lambos. So it’s only natural that people who haven’t invested already are wondering if they should. Unfortunately, when they turn to their financial advisors for help, they’re often let down by professionals who can’t or won’t discuss it. Why won’t more financial advisors talk to their clients about bitcoin and other cryptocurrencies? Here are several explanations.Your Advisor’s Firm Forbids Recommending CryptocurrencyMerrill Lynch, Morgan Stanley, JPMorgan and Wells Fargo reportedly do not allow their financial advisors to make cryptocurrency recommendations to clients. Wells Fargo only allows advisors to give their clients research primers on digital currencies, and Merrill Lynch bans its advisors from trading bitcoin futures and Grayscale’s Bitcoin Investment Trust.Other advisors who aren’t banned from discussing crypto with clients are hiding behind their “fiduciary” duties. That's hogwash. An advisor’s fiduciary duty requires them to act in their clients’ best interests. In the case of cryptocurrency, that duty should mean providing well-informed, unbiased information,  not refusing to discuss it or to make recommendations about potential investments. Adding an alternative asset such as bitcoin to an investment portfolio can provide an additional source of uncorrelated alpha, the... For Further Information Click on Below Button