I’m a 26 year Registered Investment Advisor. I have managed thousands of client relations and portfolios of 9 figures. I currently own a private brokerage firm that caters to HNW investors.
My former, and last major “employer” was full of “banking vps” that were jealous of what we made in earnings. There are NO reputable banks, SLs, or CU that will employee a fresh out of college newb.... so stop that silliness.
And yes, like any profession, advisors make money. The average in our industry is about 85 bps per year, hardly a scam.
The decent advisors with tenure in this country are 85% conservative, are a big part of our free market capitalism, and ensure that retired Americans have diversified investment portfolios that generate income for them to live off of.
Yes, those nefarious investment advisors huh?
Ok, so my asset allocation to Bitcoin and crypto nonsense is exactly ZERO.
It has no dividend, no earnings, has no equity, no collector/precious metal value.. Enron was far more of a company and an investment than Bitcoin...
The rest of what you said is correct. But people collect crypto. It's not particularly easy because you need to prove that the private key under some sort of tamper-proof seal does indeed correspond with the public key or address printed on the outside. Also you have to prove that the person printing the private key and placing the seal didn't record them in any way, and that nobody clandestinely recorded them. Finally that no collector was able to x-ray or otherwise determine the private key or remove and replace the seal.
Those are impossible to prove 100% but there were and are issuers who are trusted enough to make a market of 100k units at least and thousands of collectors.