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.

Jun 16, 2021 at 2:23 p.m. UTC
Updated Sep 14, 2021 at 1:12 p.m. UTC

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.

  • 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 about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Golf Brand Callaway Joins LinksDAO as Equity Investor, ‘Strategic Partner’

The DAO that wants to buy a golf course is adding a big name to its cap table.

The DAO that wants to buy a golf course is adding a big name to its cap table.

CoinDesk - Unknown
2
CoinDesk - Unknown
Will Reality Have Its Revenge on Andreessen Horowitz's Giant New Crypto Fund?

In an era of rising interest rates, personality and charm should take a back seat to results. But Andreessen Horowitz is rolling the dice on charisma one more time.

In an era of rising interest rates, personality and charm should take a back seat to results. But Andreessen Horowitz is rolling the dice on charisma one more time.

CoinDesk - Unknown
3
CoinDesk - Unknown
Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K

BTC has shown no signs of life, but a volatile price move is likely.

BTC has shown no signs of life, but a volatile price move is likely.

CoinDesk - Unknown
4
CoinDesk - Unknown
Consider Digital Assets Instead of Still-Pricey Real Estate, Say JPMorgan Strategists

Nikolaos Panigirtzoglou and team mull the outlook for crypto following the Terra collapse.

Nikolaos Panigirtzoglou and team mull the outlook for crypto following the Terra collapse.

CoinDesk - Unknown