Burr & Forman

02.7.2018   |   Firm News

Tom Potter Featured in Banking Strategies on “How to Handle Questions About Cryptocurrency from your Customers”

In an interview published Friday, February 2 in Banking Strategies, Tom Potter expands on the details of investing in cryptocurrencies and how bankers or investment advisers should handle the client approach. Potter recommends documenting any discussion with clients regarding investment advice surrounding bitcoin or cryptocurrency, detailing, “if it goes really well, the customer is likely to believe that it was their idea and they were really smart, despite your cautionary advice. And if it goes really, really poorly, it’s equally likely that they will remember, even wrongfully so, that you encouraged them to do it.”

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