Financial advisor Ric Edelman, who once suggested minimal exposure to cryptocurrencies, now says digital assets should make up a much larger portion of investment portfolios.
In 2021, Edelman proposed that investors could allocate as little as 1% to crypto, emphasizing caution in his book The Truth About Crypto.
Today, he says the allocation range should be between 10% and 40%, a major adjustment in his stance.
Speaking with CNBC’s Crypto World, Edelman admitted the shift is significant. “Recommending 40% is extraordinary,” he said. “No one has really put that out there before.”
Edelman attributes his new position to how rapidly the crypto landscape has evolved.
He noted that four years ago, major concerns like potential government …