Prominent economic adviser Ric Edelman says investors should consider putting as much as 40% of their wealth in cryptocurrency, a bold recommendation that reflects how far digital assets have come in recent years.
“Today I say 40%, it’s astonishing,” Edelman told CNBC’s Crypto World on Friday. “No one has ever said such a thing.”
Edelman, founder of Digital Assets Council of Financial Professionals, has been active in Crypto for over a decade. He first called on investors to assign part of their portfolios to Bitcoin
In 2018. In his book in 2021 “The Truth About Crypto” he even described a 1% crypto allocation as “reasonable” for most people.
Now Edelman believes that the case of crypto exposure is much stronger and points to what he called a “massive change” in the industry for the past four years. In particular, he highlighted growing political support for digital assets, especially after the election of US President Donald Trump.
“Today, all these questions are resolved,” Edelman said, referring to legislative uncertainty and institutional hesitation. “It has changed radically and is now a mainstream active.”
Edelman’s company, Edelman Financial Motors, manages almost $ 300 billion in assets. Although it is traditionally known for pension planning and wealth management, the company’s growing awareness of digital assets reflects a broader trend among financial institutions that embrace crypto as a legitimate asset class.
Although Edelman described Crypto as “the best investment option of the year”, he acknowledged that a 40% allocation may not fit everyone, suggesting a more conservative 10% for those with lower risk tolerance.
Edelman’s recommendation marks one of the most aggressive calls from a mainstream financial figure to date. Most financial advisers in the United States currently recommend well below 5% to their clients.
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