Financial advisor Ric Edelman says crypto should make up 10-40% of a portfolio
Financial advisors should be recommending clients to allocate between 10% to 40% of their portfolio to crypto, influential investment manager Ric Edelman told CNBC on Friday.
According to Edelman, founder of the Digital Assets Council of Financial Professionals, the percentage of allocation to crypto should be decided based on the client’s risk appetite. Therefore, he recommended a minimum of 10% allocation to crypto in conservative portfolios and up to 40% for more aggressive scenarios.
In 2021, in his book titled ‘The Truth about Crypto,’ Edelman claimed that a crypto allocation of even 1% was reasonable. But given the evolution of the crypto market and regulations over the past four years, Edelman has recalibrated his…
