#DigitalAssetBill

$10M Bitcoin? Saylor Says That’s When Financial Advisors Finally Get It

Wealth management firms controlling more than $50 trillion in assets continue to limit access to bitcoin exchange-traded funds (ETFs), according to a chart published by Tephra Digital on April 30. Strategy’s executive chairman, Michael Saylor, shared the chart and commented on the delayed adoption curve among financial advisors. He stated on social media platform X:

By the time your financial adviser says it’s OK to buy bitcoin, it’ll cost $1 million. When they say it’s a good idea, it’ll be $10 million.

The analysis, based on direct conversations with advisors, sorted ETF access into three categories: prohibited, restricted, and unrestricted. Despite surging demand after regulatory approval, only about 38% of the assets are housed in firms offering unrestricted access to bitcoin ETFs.