Top US Financial Advisor Recommends Larger Bitcoin Exposure, Endorses Up to 40% Portfolio Allocation
The post Top US Financial Advisor Recommends Larger Bitcoin Exposure, Endorses Up to 40% Portfolio Allocation appeared on BitcoinEthereumNews.com. Ric Edelman, a prominent US financial advisor, has recommended a shift from conservative to a robust portfolio allocation to Bitcoin. Edelman, who is the head of the Digital Asset Council of Financial Advisors, shared this narrative in a recent interview with CNBC. He based his newfound claims on several variables, including Bitcoin’s mainstream emergence and the suboptimal performance of existing investment models. Top Advisor Says Bigger Bitcoin HODL Four years ago, Edelman recommended just 1% portfolio exposure to Bitcoin. At the time, Bitcoin was still in its early development stage, marked by volatility and uncertainty. He raised questions then about mainstream acceptance, stating it was unclear whether governments would ban Bitcoin or if the technology would become obsolete in the future. These uncertainties caused the conservative 1% recommendation. Meanwhile, the narrative is changing for Bitcoin, and Edelman acknowledged this yesterday. He stated that all the questions around Bitcoin and its technology have been answered. As a result, his new recommendation is a bigger HODL. The top advisor noted that Bitcoin has undergone a radical transformation and is now a mainstream asset. As a result, he advocates that financial advisors instruct clients to allocate between 10% and a staggering 40% of their portfolios to Bitcoin and cryptocurrencies. Bitcoin’s Rise to Mainstream Adoption Remarkably, Bitcoin’s mainstream push gained momentum following the launch of the US Bitcoin spot exchange-traded funds (ETFs) in January 2024. The investment funds have not just raked in billions of capital into the Bitcoin ecosystem but also successfully drawn global attention to the pioneering cryptocurrency. Now, nation-states like Pakistan and the UAE, as well as public companies like MicroStrategy and Metaplanet, are continually investing in Bitcoin. Firms such as Barclays Bank, Avenir, and Goldman Sachs have also gained exposure to Bitcoin through ETFs, and many believe that institutional adoption is…
The post Top US Financial Advisor Recommends Larger Bitcoin Exposure, Endorses Up to 40% Portfolio Allocation appeared on BitcoinEthereumNews.com.
Ric Edelman, a prominent US financial advisor, has recommended a shift from conservative to a robust portfolio allocation to Bitcoin. Edelman, who is the head of the Digital Asset Council of Financial Advisors, shared this narrative in a recent interview with CNBC. He based his newfound claims on several variables, including Bitcoin’s mainstream emergence and the suboptimal performance of existing investment models. Top Advisor Says Bigger Bitcoin HODL Four years ago, Edelman recommended just 1% portfolio exposure to Bitcoin. At the time, Bitcoin was still in its early development stage, marked by volatility and uncertainty. He raised questions then about mainstream acceptance, stating it was unclear whether governments would ban Bitcoin or if the technology would become obsolete in the future. These uncertainties caused the conservative 1% recommendation. Meanwhile, the narrative is changing for Bitcoin, and Edelman acknowledged this yesterday. He stated that all the questions around Bitcoin and its technology have been answered. As a result, his new recommendation is a bigger HODL. The top advisor noted that Bitcoin has undergone a radical transformation and is now a mainstream asset. As a result, he advocates that financial advisors instruct clients to allocate between 10% and a staggering 40% of their portfolios to Bitcoin and cryptocurrencies. Bitcoin’s Rise to Mainstream Adoption Remarkably, Bitcoin’s mainstream push gained momentum following the launch of the US Bitcoin spot exchange-traded funds (ETFs) in January 2024. The investment funds have not just raked in billions of capital into the Bitcoin ecosystem but also successfully drawn global attention to the pioneering cryptocurrency. Now, nation-states like Pakistan and the UAE, as well as public companies like MicroStrategy and Metaplanet, are continually investing in Bitcoin. Firms such as Barclays Bank, Avenir, and Goldman Sachs have also gained exposure to Bitcoin through ETFs, and many believe that institutional adoption is…
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