Why Wall Street Won’t Tell the Truth About Bitcoin

by Teeka Tiwari
Casey Research

[…] If you have a financial advisor, you’ll probably want to fire them after you read this.

You see, many Wall Street firms won’t tell you the truth about bitcoin – at least, not yet.

Merrill Lynch, Morgan Stanley, and JPMorgan ban their financial advisors from talking about bitcoin. Wells Fargo advisors can only hand out research “primers” on bitcoin – and only if their clients ask about it.

These bigwigs are hiding behind something called “fiduciary responsibility.” It’s just a fancy way of saying they must act in their clients’ best interests.

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