Ric Edelman, one of the most recognized financial advisors in the U.S., stated that cryptocurrencies have now become a mainstream investment tool and are starting to play an important role in long term investment strategies.

Edelman stated that financial advisors should recommend their clients allocate 10% to 40% of their portfolios to crypto assets.
Edelman, known for his cautious approach to cryptocurrencies in the 2010s, considered a mere 1% allocation to crypto reasonable for investors in his 2021 book titled The Truth About Crypto. However, in an interview on CNBC's Crypto World program this week, he announced that he dramatically revised this figure: "Today I'm saying 40%, which is surprising. No one has said anything like this before."
Edelman attributes this radical change to the transformation the crypto sector has undergone over the last four years. "Four years ago, it was uncertain whether governments would ban Bitcoin, whether the technology would be useful, and whether individuals and institutions would adopt these assets. Today, all these questions have been answered. Crypto is now a mainstream asset class," he said. #HotTopicDiscussion#