Best Crypto to Buy Now as This Financial Advisor Urges Investors to Hold More Digital Assets
The post Best Crypto to Buy Now as This Financial Advisor Urges Investors to Hold More Digital Assets appeared on BitcoinEthereumNews.com. The Bitcoin price is currently consolidating around the $107K mark, with no significant signs of an uptrend appearing on the charts. But that isn’t stopping major analysts from predicting that massive long-term gains may be on the way. Some major financial influencers are even backtracking from their apprehensions regarding crypto and are now saying to hold more. Financial advisor Ric Edelman is one of them. In his book The Truth About Crypto, which was published four years ago, Edelman said that users should only hold 1% in crypto. However, his tune has now changed. CNBC reports that Edelman has now advised that other financial advisors should be recommending anywhere from 10% to 40% in cryptocurrencies. This backpedaling showcases that the world is now opening up to crypto, and even the biggest skeptics are now inclining toward what the cryptocurrency space has to offer. But the question remains: which digital asset is worth holding? And more importantly, which is the best crypto to buy now that’s also suitable to be held long term? The Evolution of Crypto in the Past 4 Years Has Made Me Change My Stance – Ric Edelman When asked why he went from a 1% recommendation to nearly 40%, Ric Edelman simply said, “the evolution of crypto in the past four years.” His apprehensions about crypto stemmed from whether the governments would ban Bitcoin or if the technology would become obsolete. “Today, all those questions have been resolved,” said Edelman, who heads the Digital Assets Council of Financial Advisors. “It’s radically changed and is now a mainstream asset,” he added. For the advisor, it is a “wonderful way to improve modern portfolio theory statistics.” What Impact It Could Have on The Market? While the statement itself hasn’t done much to pump the Bitcoin price, it has, for…
The post Best Crypto to Buy Now as This Financial Advisor Urges Investors to Hold More Digital Assets appeared on BitcoinEthereumNews.com.
The Bitcoin price is currently consolidating around the $107K mark, with no significant signs of an uptrend appearing on the charts. But that isn’t stopping major analysts from predicting that massive long-term gains may be on the way. Some major financial influencers are even backtracking from their apprehensions regarding crypto and are now saying to hold more. Financial advisor Ric Edelman is one of them. In his book The Truth About Crypto, which was published four years ago, Edelman said that users should only hold 1% in crypto. However, his tune has now changed. CNBC reports that Edelman has now advised that other financial advisors should be recommending anywhere from 10% to 40% in cryptocurrencies. This backpedaling showcases that the world is now opening up to crypto, and even the biggest skeptics are now inclining toward what the cryptocurrency space has to offer. But the question remains: which digital asset is worth holding? And more importantly, which is the best crypto to buy now that’s also suitable to be held long term? The Evolution of Crypto in the Past 4 Years Has Made Me Change My Stance – Ric Edelman When asked why he went from a 1% recommendation to nearly 40%, Ric Edelman simply said, “the evolution of crypto in the past four years.” His apprehensions about crypto stemmed from whether the governments would ban Bitcoin or if the technology would become obsolete. “Today, all those questions have been resolved,” said Edelman, who heads the Digital Assets Council of Financial Advisors. “It’s radically changed and is now a mainstream asset,” he added. For the advisor, it is a “wonderful way to improve modern portfolio theory statistics.” What Impact It Could Have on The Market? While the statement itself hasn’t done much to pump the Bitcoin price, it has, for…
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