Bitcoin (CRYPTO: BTC) held near $70,000 as Digital Assets Council financial professionals adviser Rick Edelman said investors should be “ecstatic” at current prices, arguing if you loved Bitcoin at $126,000, you have to love it more at $70,000.
The 10-40% Allocation Thesis
Edelman recommends investors allocate 10-40% of portfolios to crypto despite Bitcoin trading more than 30% below its $126,000 record high from mid-October.
He argues adoption is growing and Bitcoin’s returns are likely to dramatically outperform any other asset class over the next 5-10 years.
“We talk about 5 or 10% returns for other assets. Bitcoin is going to be 5x or 10x over the next 5 to 10 years,” Edelman said. “So …