
Ric Edelman Advocates For Up to 40% Crypto Investment for Every Investor
Notable financial adviser Ric Edelman suggests investors should allocate a significant portion of their wealth to cryptocurrencies, highlighting a shift in the market's perception.
Prominent financial adviser Ric Edelman has made headlines with his recommendation for investors to allocate between 10% and a striking 40% of their portfolios to cryptocurrencies, a testament to the asset class’s growing acceptance.
Key Points:
- Edelman argues that evolving political landscapes, such as the recent support for cryptocurrency from the U.S. government under the administration of Donald Trump, have greatly influenced this recommendation.
- His firm, Edelman Financial Engines, which manages almost $300 billion in assets, now views cryptocurrencies as a mainstream investment option.
“Today I am saying 40%, that’s astonishing. No one has ever said such a thing,” Edelman noted during an interview with CNBC’s Crypto World. “Today, all those questions have been resolved,” he stated, referring to previous uncertainties surrounding cryptocurrency regulations.
Edelman’s assertive view on the potential of cryptocurrencies suggests that even those with a cautious approach could consider starting with a conservative 10%. This recommendation marks a notable departure from the cautious stance many financial advisers have held, typically limiting crypto investments to less than 5% of a portfolio.