The eminent financial advisor Ric Edelman says that investors should consider putting up to 40% of their wealth in cryptocurrency, a daring recommendation that reflects to what extent digital assets have traveled in recent years.
“Today, I say 40%, it’s amazing,” Edelman at Crypto World of CNBC told Edelman on Friday. “No one has ever said such a thing.”
Edelman, founder of Digital Assets Council of Financial Professionals, has been active in Crypto for more than a decade. He first urged investors to allocate part of their Bitcoin portfolios
In 2018. In his 2021 book “The Truth About Crypto”, he even described a 1% crypto allowance as “reasonable” for most people.
Now, Edelman believes that the case of exposure to cryptography is much stronger, pointing what he called a “massive change” in industry in the past four years. In particular, he highlighted the growing political support for digital assets, in particular following the election of US President Donald Trump.
“Today, all these questions have been resolved,” said Edelman, referring to regulatory uncertainty and institutional hesitation. “It is radically changed and is now a consumer asset.”
Edelman’s company, Edelman Financial Engines, manages nearly $ 300 billion in assets. Although traditionally known for pension planning and wealth management, the growing attention of the company to digital assets reflects a broader trend among financial institutions adopting crypto as a legitimate asset class.
Even if Edelman has described Crypto as the “best investment opportunity of the decade”, he recognized that a 40% allowance may not be suitable for everyone, suggesting a 10% more conservative for those who have lower risk tolerance.
Edelman’s recommendation marks one of the most aggressive calls for a consumer financial figure to date. The United States financial advisers currently recommend much less than 5% to its customers.
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