Investment expert recommends increasing allocation in cryptocurrency

According to Foresight News, Rick Edelman, chairman of the Digital Assets Council of Financial Professionals, suggested in an interview with CNBC that investors should allocate between 10% to 40% of their investment funds to cryptocurrencies. This is a significant increase compared to his recommendation of 1% four years ago.

Edelman explained that uncertainties surrounding the U.S. government's position on Bitcoin, potential obsolescence of technology, and adoption by consumers and institutions have been resolved. He noted that price movements in Bitcoin are not synchronized with movements in stocks, bonds, gold, oil, or commodities, emphasizing the unique return opportunities offered by the cryptocurrency asset class compared to almost any other asset category.$BTC