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Most UK Financial Advisers Would Steer Clear of Crypto and Meme Stocks: Poll
Also, 95% would not recommend so-called meme stocks, such as GameStop.
More than 90% of U.K. independent financial advisers (IFAs) say they would never recommend crypto or meme stocks as investments to their clients, according to a poll by Opinium.
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- Of the 200 IFAs surveyed by Opinium, 93% would not recommend investing in crypto, according to reports Wednesday.
- Meanwhile, 95% would not recommend so-called meme stocks, such as GameStop. The video-game retailer's shares surged from $18 to $483 in January, driven by Reddit forum WallStreetBets.
- Furthermore, 91% would be concerned if a client said they were investing in such assets.
- Only a third of respondents reported witnessing an increase in interest from clients in crypto in 2021, while 14% have seen increased interest around meme stocks.
Read more: UK Regulator FCA Extends Registration Deadline for Crypto Businesses
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
