The outstanding financial advisor Ricman says that investors should consider putting up to 40% of their wealth in the cryptocurrency, a bold recommendation that reflects how far digital assets have come in recent years.
“Today I say 40%, that’s surprising,” Edelman told Crypto World Cnbc on Friday. “No one has said such a thing.”
Edelman, founder of the Council of Financial Professionals of Digital Assets, has been active in Crypto for more than a decade. First he urged investors to assign part of his portfolios to Bitcoin.
In 2018. In his 2021 book “The truth about cryptography,” he even described a 1% cryptography allocation as “reasonable” for most people.
Now, Edelman believes that the case of exposure to cryptography is much stronger, pointing out what he called a “massive change” in the industry in the last four years. In particular, he highlighted the growing political support for digital assets, especially after the election of US President Donald Trump.
“Today, all these questions have been resolved,” Edelman said, referring to regulatory uncertainty and institutional hesitation. “It has changed radically and is now a conventional asset.”
Edelman’s firm, Edelman Financial Engines, manages almost $ 300 billion in assets. Although traditionally known for the planning of retirement and wealth management, the growing attention of the company to digital assets reflects a broader trend among financial institutions that adopt cryptography as a legitimate asset class.
Although Edelman described Crypto as the “best investment opportunity of the decade,” acknowledged that a 40% assignment may not adapt to all, which suggests 10% more conservative for those with less risk tolerance.
Edelman’s recommendation marks one of the most aggressive calls of a conventional financial figure to date. Most financial advisors in the US currently recommend much less than 5% to their clients.
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