Wall Street giant and the co-founder of the $290 billion Edelman Financial Engines, Ric Edelman, has given the crypto industry its biggest endorsement yet, perhaps outside of US President Donald Trump and BlackRock’s Larry Fink.
Edelman now recommends a 40% crypto allocation for aggressive investors, while suggesting 25% and 10% for moderate and conservative investors, respectively.
In what could be one of the most full-throated endorsements from a Wall Street heavyweight, Ric Edelman says owning crypto is no longer speculation and that the real gamble is staying on the sidelines.
Notably, Edelman Financial Engines has nearly 1.3 million clients and $300 billion in assets under management. His endorsement could provide a major boost to crypto prices.
While Edelman hasn’t revealed his list of best cryptos to buy, prominent analysts continue to back Layer-1s, mid-cap AI coins and meme coins as excellent investments. Beta bets on Layer-1 coins, like Pepe, Dogwifhat and Bitcoin Hyper, could also deliver outsized returns.
Why Ric Edelman’s Endorsement Is A Major Win For Crypto?
Ric Edelman has taken crypto Twitter by storm with his recent comments, particularly his recommendation that aggressive investors allocate 40% of their portfolios to crypto.
Edelman previously recommended just a 1% allocation towards crypto, even as he was one of the first TradFi purists to keep an open mind toward the industry.
His new recommendations are a clear indication that Bitcoin and top altcoins have established themselves as mainstream investments. “Today, all those questions have been resolved”, Edelman said, talking about the asset class’s recent regulatory clarity and institutional demand.
Edelman also highlighted US President Donald Trump’s support of the industry as a key reason behind his recommendation.
He now suggests that fiduciaries have difficult conversations with their clients to make sure their best interests are served. “The traditional 60/40 stock-bond allocation model is dead”, Edelman noted, citing the increasing lifespan due to technological and medical advancements.
He argues that it makes no sense to ignore an asset class that has outperformed every other over the past 15 years, and is projected to lead for the next decade as well.
If your clients will live to 100, stocks and bonds alone won't cut it.
I explain why your allocation should include 10% to 40% crypto.
Read my latest white paper: https://t.co/hfjCMvQC3J pic.twitter.com/N0CPxMOhrB
— Ric Edelman (@ricedelman) June 23, 2025
Notably, Edelman didn’t single out Bitcoin in his praise, instead referring to the entire crypto asset class as a strong investment opportunity. Despite the relative underperformance of altcoins, experts and Wall Street titans continue to be optimistic about their long-term upside potential.
With nearly $300 billion in assets under management and 1.3 million clients, Edelman’s pro-crypto stance could have a significant impact on the market, especially if Edelman Financial Engines eventually begins offering crypto exposure or guidance within its investment strategies.
Best Cryptos To Buy Now
Edelman’s recent recommendations are a clear indication that high-quality crypto assets still have significant upside potential in the long term.
Bitcoin continues to be among the best cryptos to buy, with a growing consensus that it could potentially hit $500k in the coming years.
However, Ethereum continues to have high institutional demand and regulatory clarity as well, despite its relative underperformance to Bitcoin this year.
In fact, layer-1 coins like Solana, XRP, Sui, Sei and Hyperliquid continue to establish themselves as excellent investments.
The AI crypto sector also has high upside potential, considering it closely tracks the broader technological advancements in the AI space. Bittensor, Virtuals Protocol and AI agent coins are expected to be among the top performers in the coming months.
Finally, meme coins continue to deliver outsized returns. Besides blue chips like Dogecoin and Pepe, newer alternatives like Pepe and SPX6900 are easily among the best cryptos to buy now.
Smart money investors are also bullish on low-cap meme coins like Bitcoin Hyper (HYPER).
Bitcoin Hyper is a new Layer-2 solution designed to bring real-time BTC transfers and DeFi capabilities to the Bitcoin ecosystem.
Built using Solana’s Virtual Machine (SVM), it enables near-instant transactions and supports advanced use cases like staking, payments, dApps and even meme coins.
Users bridge BTC from Layer 1 through a canonical bridge, and Bitcoin Hyper verifies transactions using a trustless smart contract. Layer-2 activity is secured via zero-knowledge proofs and periodically committed to Bitcoin’s base layer for safety.
With fast execution, scalability, and strong settlement guarantees, Bitcoin Hyper aims to make Bitcoin usable for high-speed, onchain finance without compromising its core security.
A meme coin with layer-2 utility is rare, which explains the strong demand for HYPER. It has already raised over $1.8 million in its presale, with many early buyers eyeing up to 100x returns.
Visit Bitcoin Hyper Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware that our commercial partners may use affiliate programs to generate revenue through the links in this article.
