Financial advisor Ric Edelman sees “enormous investment opportunities” in Bitcoin – News Bitcoin News

Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having Bitcoin in investment portfolios despite the volatility of the cryptocurrency. “This is completely new and different and it is the first truly new asset class in about 150 years,” he said, emphasizing that “it offers tremendous investment opportunities.”

Ric Edelman sees the advantages of Bitcoin in portfolios

Ric Edelman spoke about Bitcoin and cryptocurrency investing in an interview with Yahoo Finance last week. He founded Edelman Financial Engines and the RIA Digital Asset Council. He is also the author of several books on personal finance and the host of a weekly radio show on personal finance called The Ric Edelman Show.

Edelman stated that “most financial professionals” who have been in business for a long time and are “very successful, very talented and experienced” are missing out on opportunities in the new asset class because they do not have a good understanding of cryptocurrency like Bitcoin. “The more talent you have, the more job titles you have, the more college degrees you have in this field, the harder it is to get into Bitcoin.”

The financial advisor emphasized that he “uses Bitcoin as a proxy for all digital assets,” said the financial advisor: “It is important to recognize that this is a completely new and different asset class that has nothing in common with others we know: stocks, bonds , Real estate, oil, gold, raw materials. “He continued:

This is completely new and different and it is the first truly new asset class in around 150 years … It offers enormous investment opportunities.

Regarding how to invest in Bitcoin, Edelman said, “It’s time to get away from zero.” He emphasized, “We need to recognize that Bitcoin and digital assets are uncorrelated assets” to traditional investments like stocks and bonds, which makes them an “ideal addition to a diversified portfolio” … you lower the risk while giving yourself the opportunity to improve.

Recently, famous hedge fund manager Paul Tudor Jones also said that he likes Bitcoin as a portfolio diversifier. He recommends investing 5% of the portfolios in the cryptocurrency.

Edelman acknowledged that Bitcoin’s price is volatile and unpredictable. However, he sees enough upside potential in most portfolios with an allocation of 1% or 2%. “This can be a vastly beneficial way to improve your overall returns over the long term,” he said, emphasizing that “it doesn’t take much to have a significant impact on your investment portfolio.”

The financial advisor also commented on non-fungible tokens (NFTs) and central bank digital currencies (CBDCs). He said blockchain technology, digital assets, NFTs, CBDCs and tokens are “the most influential commercial innovations since the development of the internet itself”. He exclaimed, “This is huge. It will have a huge impact on global trade. “

What do you think of Ric Edelman’s advice? Let us know in the comment section below.

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