Founder of the $300 billion investment advisory firm, Edelman Financial Engines, suggests a significant allocation to crypto in investment portfolios.
Ric Edelman recommends aggressive investors to own up to 40% in crypto, while suggesting 25% for moderate and 10% for conservative investors.
He emphasizes that omitting crypto from a portfolio is effectively shorting the asset class, considering its historical outperformance.
Edelman's bold recommendation comes amidst increasing institutional adoption and regulatory changes in the cryptocurrency market, with projections of Bitcoin potentially reaching $500,000.