Ric Edelman, a prominent financial advisor, is advocating for investors to allocate between 10% and 40% of their portfolios to cryptocurrency, highlighting the significant evolution of the sector. Edelman emphasizes that with growing political support, particularly from the U.S. government under President Trump, cryptocurrencies have become a legitimate asset class. He notes that his firm, Edelman Financial Engines, which manages nearly $300 billion in assets, is reflecting a wider trend among financial institutions toward embracing digital assets. While he described crypto as the best investment opportunity of the decade, he advises those with lower risk tolerance to consider a more conservative 10% allocation instead of the maximum 40%. This robust recommendation is notable as most financial advisors currently suggest allocating under 5% of client portfolios to crypto. Edelman’s early advocacy for bitcoin in 2018 and his more recent insights represent a significant shift in perspective regarding cryptocurrency investments in mainstream finance.

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