Ric Edelman, a well-known financial adviser, said investors should consider putting 40% of their wealth in cryptocurrencies, a bold suggestion that reflects the development of digital assets in recent years.
“I’m talking about 40% today, which is amazing,” Edelman told CNBC’s Crypto World On Friday. “No one has ever said anything like this.”
Edelman, founder of the Digital Asset Professionals Committee, has been active in crypto for more than a decade. He first urged investors to allocate part of their portfolio to Bitcoin
In 2018. In his 2021 book The Truth About Cryptocurrency, he even described the 1% crypto distribution as “reasonable” for most people.
Now, Edelman believes that the case of cryptocurrency exposure is much stronger, indicating what he calls “massive change” in the past four years. In particular, he highlighted the growing political support for digital assets, especially after the election of U.S. President Donald Trump.
“Today, all of these issues have been resolved,” Edelman said, referring to regulatory uncertainty and institutional hesitation. “It has changed fundamentally and is now a mainstream asset.”
Edelman Financial Engines, Edelman Financial Engines, manages nearly $300 billion in assets. Although traditionally known for retirement planning and wealth management, the company’s growing focus on digital assets reflects a broader trend among financial institutions that use encryption as a legal asset class.
Although Edelman describes cryptocurrency as “the best investment opportunity in a decade,” he acknowledged that a 40% allocation may not be suitable for everyone, which is a more conservative 10% for those with less risk tolerance.
Edelman’s advice marks one of the most radical calls in mainstream financial numbers to date. Currently, most financial advisers in the United States recommend less than 5% of customers to their clients.
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