Buy the Bitcoin Dip? Why Ric Edelman Still Thinks Portfolios Should Hold Up to 40% Crypto

In brief

  • In a June, Edelman shook up the investment world by recommending 10%-40% crypto allocations in portfolios.
  • The founder of the influential Digital Assets Council of Financial Professionals views the current environment as an opportunity to buy the asset.
  • Bitcoin’s reaction to macroeconomic uncertainty along with more traditional assets is a sign of its maturity, he said.

Ric Edelman isn’t budging from the groundbreaking cryptocurrency investment strategies he urged six months ago, even as Bitcoin lingers far from its record-breaking heights.

The founder of the Digital Assets Council of Financial Professionals views the current environment—with Bitcoin falling back below $90,000 going into the weekend—as an opportunity to…

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