The best-selling author Rick Edelman greatly changes the investment strategy in encryption-here is his new position: Report
It is said that the influential financial advisor who wrote the book “Truth About Crypto” for the year 2021 increases the recommendation of the recommended investment for Crypto.
CNBC reported that Ric Edelman, who previously said that allocating up to 1 % for encryption was reasonable, now says that financial advisers should be recommended to allocate between 10 % and 40 % for digital assets.
He says Edelman in an interview with CNBC encryption world,
“Today I say 40 %, this is amazing. No one has ever said something.”
The founder of the Digital Assets Council for Financial Professionals is now more upward on encryption assets amid the tremendous changes in this industry.
According to Edman, Bitcoin and the broader encryption space faced many uncertainty four years ago – from the possibility of the government to ban BTC, to fears that Blockchain technology will become outdated, to questions about whether the adoption of digital assets will get meaningful attraction.
“Today, all these questions have been solved. It has changed radically and is now one of the prevailing assets.”
Edelman also says that bitcoin and encryption should play a greater role in long -term investment strategies with an increase in the average life expectancy in the United States.
According to the financial advisor, allocating 60 % in stocks and 40 % in bonds is no longer working, given that Americans can adhere to 85 today, or even older with progress in technology and medicine.
“If you are a financial consultant and you have a 30 -year -old customer who was providing their long -term future, you will require them to put 100 % of their money in stock, because they have 50 years to go. 60 -year -old is 30 years old.
You need to get better returns than you can get from bonds, and you need to keep stocks longer than ever. “
Edelman notes that Bitcoin is a great wallet diversity because it does not seem to be associated with the performance of other asset categories. He also says that digital assets tend to outperform stocks, bonds, gold, and others.
“Bitcoin prices do not move simultaneously with stocks, bonds, gold, oil, or commodities … The Crypto Asset category provides the opportunity for the higher returns, which would have been likely to get in any other class. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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