Chairman of the U.S. Digital Asset Financial Advisory Committee: Suggests increasing the proportion of cryptocurrency in investment portfolios to 10-40%

ChainCatcher News, Ric Edelman, the chairman of the Digital Assets Council of Financial Advisors, stated in an interview with CNBC that he recommends allocating 10% to 40% of investment funds to cryptocurrencies, whereas four years ago his recommendation was 1%.

Ric Edelman mentioned that four years ago, there was uncertainty about whether the U.S. government would ban Bitcoin, whether the technology would become obsolete, and whether consumers and institutions would adopt Bitcoin. However, now all these questions have been resolved. The price of Bitcoin does not move in sync with the prices of stocks, bonds, gold, oil, or commodities, and the return opportunities offered by the crypto asset class are higher than almost any other asset class.