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Founder Of $300 Billion Investment Firm Advises 40% Crypto Allocation, Here’s Why
Ric Edelman, the founder of Edelman Financial Engines, which manages a staggering $300 billion in assets under advisement, recently issued a bold new recommendation for investors: allocate up to 40% of their portfolios to cryptocurrencies. This drastic shift from his earlier stance is rooted in his belief that this asset class has irreversibly changed and is poised for long-term growth.
Edelman’s suggestion comes on the heels of his appearance on CNBC’s Crypto World segment, where he emphasized that omitting digital assets entirely would amount to shorting the market. The financial advisor believes that investors should not only reconsider their allocation but also adjust it drastically in favor of crypto.
To arrive at this recommendation, Edelman draws a supply-demand analysis based math. According to his calculations, the global pool of investable assets spans around $750 trillion. Assuming merely 1% of this total would flow into Bitcoin alone, the coin’s valuation would surge to approximately $377,000 per coin. From here, he projects that if this trend were to continue, Bitcoin’s price could reach a staggering $500,000 in the near future.
Edelman has also shifted his stance on cryptocurrency ownership from mere speculation to a fundamental investment strategy. He argues that omitting digital assets would be equivalent to missing out on one of the decade’s most promising opportunities.
Source: bitcoinist.com
