Financial Advisor Ric Edelman: Recommends Allocating Up to 40% of Investment Portfolios to Cryptocurrency

Odaily Planet Daily – Renowned financial advisor Ric Edelman recently stated on CNBC’s “Crypto World” program that the allocation of cryptocurrencies in an investment portfolio can be as high as 40%, a stark contrast to the 1% allocation he recommended in his 2021 book “The Truth About Crypto.” As the head of the Digital Assets Council of Financial Professionals, Edelman explained that four years ago, the market was still uncertain whether governments would ban Bitcoin, whether the technology would fail, or whether institutions would adopt it. “Today, all of those questions have been answered, and cryptocurrency has become a mainstream asset.”

Edelman noted that Bitcoin’s price movement is uncorrelated with traditional assets, making it a powerful tool for portfolio diversification and enhancing risk-adjusted returns. He believes the crypto asset class offers “higher return opportunities that are hard to find in almost any other asset class,” and commented that market forecasts of Bitcoin reaching $150,000 to $250,000 by year-end are “relatively conservative.” Ric Edelman is one of the founders of Edelman Financial Engines, a company managing over $290 billion in assets. (CNBC)