What to know about crypto for long-term investor
Since Donald Trump was reelected as president, Washington, D.C., has made many moves to become friendlier with the world of cryptocurrency. From new laws to executive orders, the Trump administration and Congress are moving quickly to make the U.S. a leader in digital assets innovation. Another example arrived on Thursday when Trump said he would sign an EO that broadens the availability of crypto and other alternative assets in retirement plans.
Is it a good thing? Some advisors, led most notably by Ric Edelman, say that investors should hold as much as 40% of their portfolio in digital assets (primarily as an update on the 60% stock-40% bond investment model). That’s a big move, as just a few years ago, Edelman recommended as little as…
