Edelman: Crypto's Future is Bright, Despite Current Dips

Ric Edelman, a renowned financial advisor, continues to advocate for investing in cryptocurrency, despite Bitcoins recent price drop. He likens the current market conditions to a stock market dip, presenting an opportunity for long-term growth. Edelmans report suggests that even conservative investors should allocate 10% of their portfolio to crypto, with more aggressive investors potentially going up to 40%. This shift in stance is due to clearer rules and increased involvement from major financial companies. Despite Bitcoins struggles to maintain its value, Edelman remains optimistic, predicting a potential market value of $19 trillion and viewing the assets volatility as a sign of its maturing status.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.