Detroit doesn’t look like other metros on paper. The numbers tell one story, but there’s more underneath.
The metro has 1.8 million households with a median income of $78,000. About 9% earn over $200k, which translates to roughly 162,000 households at that level. That’s lower than most major metros.
But those 162,000 households represent real money. Automotive executives. Suppliers. Healthcare. Finance. People who’ve built wealth in traditional industries.
Around 75,000 of those high-earning households don’t have a financial advisor.
Detroit’s Quiet Crypto Holders #
Crypto ownership in Detroit runs below the national average. The manufacturing base hasn’t been a hotbed of Digital Asset adoption. The culture is practical and industry-focused.
The averages miss something important: within the high-earning population, there’s a subset that’s been paying attention.
Younger executives who see the automotive industry transforming. Engineers working on connected vehicles and digital systems. Finance people who understand that Diversification means owning uncorrelated assets.
These aren’t crypto maximalists. They’re practical people who’ve allocated 5-15% of their Portfolio to digital assets because it made sense to them. They’re holding, not trading constantly.
That conservative approach still requires real planning.
Why Even Simple Digital Asset Holdings Need Proper Custody Planning #
“I just hold Bitcoin” sounds simple until you look closer.
Where did you buy it? Coinbase? Multiple exchanges? What’s your cost basis for each purchase? Are you tracking lot by lot?
Did you move it to self-Custody? When you moved it, did you document everything? If you want to sell specific lots for tax purposes, can you prove which Bitcoin came from where?
Have you staked anything? Those rewards are income, taxable when received. Are you tracking the value at the time of each reward?
What happens to your holdings if something happens to you? Does your family know they exist? Can they access them? Do they understand what to do?
Conservative crypto positions still need proper planning. Most people holding “just a little crypto” haven’t thought through these questions.
Why Digital Asset Expertise Beats Local Proximity #
Detroit has financial advisors. They understand manufacturing compensation, pension optimization, auto industry stock grants. Good luck finding one who understands crypto at a technical level.
The advisors who specialize in digital assets work remotely. They’ve built practices that serve clients nationally. They’ve seen situations from every industry and every type of Portfolio.
For someone in Detroit with crypto holdings, working with a remote specialist makes more sense than trying to educate a local advisor about Blockchain.
Remote advisory gives you:
- Actual expertise in digital assets
- Secure communication that protects sensitive information
- Flexibility that fits busy schedules
- Access to specialists regardless of location
What matters is whether the advisor can handle the specifics. Cost basis tracking. Tax optimization. Custody planning. Estate considerations. These aren’t geography-dependent skills.
Getting Professional Help With Your Crypto #
Digital Wealth Partners specializes in crypto holders and works entirely remotely. If you’re in the Detroit area with digital assets as part of your Portfolio, they understand this kind of situation. Visit digitalwealthpartners.net.
The 75,000 unadvised high-earning households here might seem like a smaller number than other metros. It’s still 75,000 families with complex finances and often some crypto mixed in. Being practical about crypto doesn’t mean you’ve got the planning handled.
