I remember the Wells Fargo checks when they used to send the Amazon Payout to affiliates. I never knew the bank serves rich clients through wealth management. And today I heard about this news. Banks and the Asset management and fund house handles the rich clients and their money in their fund house. And they offer them variety of the asset allocation within the asset handling portfolio.
As asset management and fund houses are getting the crypto included into their assets and the funds. This way they are now diversifying into the crypto industry.
After getting exposure of the crypto industry asset managers wish to add the wealthy clients under their crypto funds and the liquid crypto. Take example of the Wells Fargo bank which is also entering into this market.
Bank is now offering BTC ETF to the wealth management clients as per news.
Wells fargo’s clients would be getting exposed to the crypto industry. This goes to show the market is about to boom sooner. So next year those results would be visible.
It is speculated that the price of crypto would likely to go boom once the year ends. As the wealth management would be on the hunting spree and getting the investors for their funds. This way they would be keeping the market active in the crypto.
If you are holding the BTC and the ETH in your safe, keep hodling and once the price gets too high, it’d be a good time to sell. I’d recommend buying and stacking those sats that you earn on the social media.
Banks are now nervous and they need the wealthy clients desperately to stay with them instead of staying in decentralized world.
