Canterbury-Bankstown Bulldogs CEO, Aaron Warburton discusses the allure of cryptocurrencies and NFTs, the speaker highlights how athletes, reflective of society, grapple with the decision to invest based on their risk appetite, education, and the cluttered advisory landscape.
Aaron Warburton:
" The players are, again, a cross-section of society. I think a number of people, myself included, got swept up in what was crypto, what was NFTs, and everyone was Googling. You know, the next big thing and it comes down to, I guess your risk, but also your level of education. If you've got research as a key driver as to how you invest and you have one out of ten, you've got to stay away from crypto. If you're a nine out of ten and you live a sort of life, and a lot of these players have taken risks, you make courageous to get back on the field, or, you know, certain things to excel in their field. They're pretty risk-averse guys and girls now.
So it is tricky, and I think it's a pretty cluttered marketplace when it comes to advice where everyone's got it. But in terms of where the trust lies and who is reputable from a club's perspective to be recommended to a player, like I said, it's a bit of a, you know, it's unknown in the sense it's been happening for quite a while. But look, if you work with 600 players, I don't think there's (only) one method."
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Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.