Founder of $300B Financial Advisory Firm Recommends 40% Crypto Allocation in Your Portfolio

Edelman Financial Engines founder Ric Edelman has made a bold statement, declaring the traditional 60/40 stock-bond allocation model as obsolete. Instead, he suggests that investors should hold up to 40% of their assets in crypto, with the percentage varying based on the investor's risk tolerance. Edelman argues that not owning crypto is now effectively shorting it, adding that it has outperformed all other asset classes for 15 consecutive years and is projected to continue this trend.

His endorsement of crypto comes as institutional adoption increases, with wealthy investors and institutions investing over $20 billion in Bitcoin ETFs. Edelman cites regulatory changes, the growth of stablecoins, and basic supply-demand dynamics as supporting factors for his bullish outlook on crypto.