Financial advisor Ric Edelman suggests allocating up to 40% of portfolios to cryptocurrencies, a significant increase from his previous recommendation of 1% a few years ago.
Edelman believes in allocating at least 10% of a portfolio to crypto assets and as much as 40% in some cases, citing the outperformance and growth potential of digital assets.
He argues that portfolios with bitcoin have historically generated higher returns with lower risk and emphasizes the importance of including crypto in investment strategies.
Edelman criticizes the traditional 40/60 mix of stocks and bonds, advocating for portfolios that can generate revenue for 50 years or more with increased exposure to cryptocurrencies, especially amid blockchain technology advancements.