Ric Edelman's crypto shift: from 1% to 40% allocation
Veteran financial adviser Ric Edelman explains why Bitcoin is no longer viewed as just a speculative asset, and how portfolio strategies are evolving in response.
For years, Bitcoin (BTC) has been labeled everything from a revolutionary technology to a dangerous gamble. Many investors still dismiss it as a speculative and volatile asset designed only for tech professionals and risk-takers. But according to one of America’s most popular financial advisers, that view is not just outdated — it might be costly.
In a recent conversation with Cointelegraph, Ric Edelman, the founder of Edelman Financial Engines, shares why he changed his stance on Bitcoin.
Just a few years ago, he recommended a cautious 1% allocation to crypto assets. Now? He’s suggesting as much as 40% for certain investors. What changed?
Source: Cointelegraph →Related News
- 55 minutes ago
JPMorgan, Citi see Bitcoin Q4 boom: Here are their price targets
- 2 hours ago
Bitcoin ETFs kickstart ‘Uptober’ with $3.2B in second-best week on record
- 4 hours ago
Crypto VCs are ‘a lot more careful’ and not chasing narratives: Exec
- 6 hours ago
‘Very likely’ Bitcoin cycle will continue in some form: Gemini exec
- 9 hours ago
Coinbase goes after National Trust Charter — But don’t call it a bank