That's an interesting thought. To expand on it: there exists an ecosystem of regulated RIAs, which are largely sales agents for investment opportunities who ha

That's an interesting thought. To expand on it: there exists an ecosystem of regulated RIAs, which are largely sales agents for investment opportunities who have some advisory and custodial functions. (Most would not describe themselves that way but...) You can find one in your local office park. They exist at a wide range of firm sizes, but suffice it to say that one value of typical might be "100 clients, $50 million total assets under management, 2 advisors + 3~6 support staff." The prototypical customer is a mid-career dentist or middle-class retiree. For that firm, some of their clients are accredited investors and some aren't, but the offering to them is, basically, "You've had people tell you in meetings for the last year I-want-to-be-in-on-Bitcoin. You've had to say no, because clearly you have no business doing Bitcoin custody and your lawyer/accountant would have a fit. We would happily let you buy ~$1 million of our basically-runs-itself Bitcoin product, which you'll move $15k here and $50k there to some of your client base. Your business model continues to be charging 1% of assets under management per year. Client need: satisfied. Impact to your firm: minimal. Future asset outflow to cryptocurrency: zero."