More Bitcoin? Crypto Should Account for Up to 40% of Portfolios, Influential Financial Advisor Says
Ric Edelman, a prominent financial advisor, advocates for allocating up to 40% of investment portfolios to digital assets. He suggests that the crypto market could reach a $19 trillion valuation by 2030, up from its current $2.1 trillion. Edelman recommends a minimum of 10% allocation for conservative investors, 25% for moderate ones, and as much as 40% for aggressive investors. This shift in perspective comes as regulatory clarity improves, and he emphasizes the importance of digital assets for future generations, stating even those in their 90s should consider investing in crypto. He argues that longer lifespans require portfolios to last longer, thus justifying this diversified investment strategy. Edelman also noted that one should not restrict themselves to Bitcoin, but also explore investments in stablecoin issuers and the broader blockchain sector. His remarks have been positively noted within the industry, considered a significant endorsement for crypto by traditional finance.
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