Popular Financial Advisor Ric Edelman Says Investors Should Allocate Up to 40% of Wealth to Crypto

Key Points

1. Ric Edelman, founder of the Digital Assets Council of Financial Professionals, advises allocating up to 40% of wealth to cryptocurrency, calling it a "massive change" from his previous recommendations.

2. In 2018, Edelman suggested allocating part of portfolios to bitcoin, and in 2021, he considered a 1% crypto allocation as "reasonable" for most people.

3. Edelman acknowledges that a 40% allocation may not suit everyone, recommending a more conservative 10% for those with lower risk tolerance.

4. Edelman Financial Engines, which he founded, manages nearly $300 billion in assets.

5. Edelman described crypto as the "best investment opportunity of the decade" but noted that many financial advisors currently recommend well under 5% crypto allocation to clients.