Orthogonal defaulted on $36 million of loans on DeFi protocol Maple earlier this month after it allegedly misrepresented the scale of its losses from the FTX implosion.
Decisions to recommend bitcoin should depend on an advisor's crypto competency and a client's personal/financial circumstances, the CFP Board's notice rightly says.
Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility.