Thoughts on using series 7 to qualify as an accredited investor?

[BiggerPockets Investor Concierge]

Has anyone successfully used a series 7 in order to qualify as an accredited investor to invest in RE syndications? 

If so, can you share about your experience and any potential benefits or drawbacks? 

I have been considering this for the following reasons:

- The cost of $245 for the test seems very reasonable given the substantial increase in returns compared to a REIT

- The risk of investing in a RE syndication as a debt investor or even equity seems very low compared to the stock market or other asset classes right now 

- I would hope that studying for a series 7 would make someone a smarter investor

As a side note, how is it considered too risky for the average investor to invest in a real estate backed investment but investing in Bitcoin or Dogecoin is considered safe for the general public? 

https://www.finra.org/registra...