Financial Advisers Pitch Bitcoin to Investors to Offset Portfolio Losses

Financial Advisers Pitch Bitcoin to Investors to Offset Portfolio Losses

New managed crypto accounts take advantage of a tax-loss harvesting loophole

Some financial advisers have a new sales pitch for investors: You win when bitcoin goes up, and you can win when it goes down.

The wealth-management industry is starting to make the case that cryptocurrencies have a place alongside stocks and bonds in investment portfolios, even retirement accounts. A number of personal money managers are offering products that let investors buy their own stashes of bitcoin, ether and other digital currencies through their brokerage accounts.

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