Ric Edelman wants 10%-40% of portfolio in crypto
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation.
In his “The Truth about Crypto” book in 2021, Edelman said as low as a 1% allocation was reasonable.
A lot has changed.
This week, Edelman said financial advisors should be recommending anywhere from 10% to 40% allocations to cryptocurrencies, and he is aware it’s quite a shift in his own thinking.
“Today I am saying 40%, that’s astonishing,” he told CNBC’s Crypto World in an interview. “No one has ever said such a thing.”
But the “why” is the more important thing.
For one, it’s because of the massive change seen in the industry, what he called “the evolution of crypto in the…
