Survey: Almost all financial advisers in the UK are reluctant to recommend investing in cryptocurrencies and "meme stocks" to clients

Because during the epidemic, the blockade and high savings rate triggered a stock investment boom among non-professionals. According to a survey by British research company Opinium on Wednesday, based on a sample survey of 200 independent wealth advisors in the UK, 93% of advisors claimed that they would never recommend clients to invest in cryptocurrencies, and 95% of advisors would never recommend clients to invest in meme stocks (GME, AMC, etc.).

Some 91% of advisers would be concerned if clients said they were investing in either type of asset, the survey found, suggesting their concerns are deep-rooted amid high volatility and antipathy from regulators.

Analysts at Vanda Research said last week that retail investors have poured as much money into meme stocks in the past two weeks as they did at the peak of GameStop’s wild rally in January. The highest-profile names remain GameStop Corp and AMC Entertainment Holdings Inc.