San Francisco is different.
The median household income here is $135,000. That’s not a typo. It’s the highest of any major metro. And 32% of households earn over $200k. That’s about 576,000 households out of 1.8 million.
This place is saturated with wealth. And a huge portion of it comes from tech, which means a huge portion of it involves crypto.
The Bay Area Crypto Problem #
Call it a problem because that’s what it is for a lot of people here.
Early Bitcoin adopters. Employees who got paid in tokens. Founders who raised in crypto. DeFi degens who turned small bets into real money. The Bay Area has all of them.
Many of these people are smart. Really smart. They understood crypto before most financial advisors knew what a Blockchain was. So they managed things themselves.
That worked when holdings were small and the IRS wasn’t paying attention. It doesn’t work anymore.
The tax code around crypto has gotten complicated. California’s tax rates are punishing. If you’ve been active in DeFi, you might have hundreds of transactions that each need proper cost basis calculation. Airdrops, Liquidity pools, Yield farming, wrapped tokens. Each one has tax implications.
Around 265,000 households earning over $200k in this metro have no financial advisor. In a region where crypto ownership probably exceeds 40% among affluent households, that’s a lot of people managing complex Digital Asset portfolios with no professional help.
Why SF Crypto Holders Skip Advisors #
Tech people tend to think they can figure anything out. Often they can. But understanding how crypto works isn’t the same as knowing how to structure a Portfolio that includes crypto alongside equity comp, angel investments, and everything else.
Tax optimization is its own skill. Estate Planning for digital assets requires specific expertise. Coordinating crypto strategy with ISO exercises and RSU vesting gets complicated fast.
The DIY approach has limits, especially when the stakes get high.
Remote Digital Asset Advisory Works Here #
Of all the places where remote financial advisory should be obvious, San Francisco is at the top. This is the region that normalized remote work. That built the tools everyone else uses for video calls and document sharing. That understands distributed systems.
Crypto is distributed. Your advisor can be too.
Working remotely means:
- Access to specialists who’ve spent years on crypto, not just advisors who added it to their practice recently
- Secure communication through channels you already trust
- Flexibility that matches how you actually work
- No wasted time driving to meetings
The advisors who really understand crypto have built remote-first practices because their clients are everywhere and because crypto itself doesn’t exist in any one place.
Getting Specific Crypto Wealth Management Help #
If you’re in the Bay Area with meaningful crypto holdings, you need someone who can talk specifics. Not general “we can help with Cryptocurrency” pitches, but actual detailed knowledge of protocols, Custody solutions, and how different transaction types get taxed.
Digital Wealth Partners works remotely with clients who have complex crypto situations. Visit digitalwealthpartners.net to learn more.
The 265,000 unadvised high-earners in this metro include some of the most sophisticated crypto holders in the country. Being good at crypto doesn’t automatically make you good at financial planning.
