In a decade, cryptocurrencies have gone from a fringe obsession that allowed coin holders to conduct business outside the financial system to an alternative investment managed as if it were any other investment. It hasn’t hurt that the price of a single Bitcoin has gone from zero to over $30,000 in that time. “As Bitcoin gains more mainstream adoption, participants are now more sophisticated investors,” said Joel Revill, chief executive of Two Ocean Trust, a wealth management firm that offers investment, trust and estate planning services for traditional and digital assets.
As Bitcoin’s Price Surges, Affluent Investors Start to Take a Look
“They want transparency and they want to be able to plan around it,” Joel Revill, chief executive of Two Ocean Trust, said of wealthy adopters of cryptocurrencies. Credit: Sofia Jaramillo for The New York Times