Ric Edelman, founder of the Digital Assets Council of Financial Professionals, recommends that financial advisors allocate 10% to 40% of client portfolios to cryptocurrencies. This marks a significant shift in traditional financial circles.
Ric Edelman's Advice
Edelman advises financial advisors to allocate **10% to 40%** of their portfolios to cryptocurrencies, highlighting their **investment potential**. This is a significant increase from his previous recommendation of 1%.
Reasons for Changing Recommendations
Edelman cited resolved regulatory uncertainties and blockchain maturation as reasons for his **updated guidance**. Increased allocation could significantly impact how portfolios are structured, especially if advisors broadly adopt his recommendations.
Possible Market Consequences
Edelman's recommendation could lead to substantial inflows into [major cryptocurrencies](https://twitter.com/thecryptobasic/status/*) and related financial products. This reflects a steadily increasing **institutional interest** in the sector. Edelman stated: "Today I am saying 40%, that’s astonishing. Nobody ever, anywhere, has ever said such a thing."
An increased allocation to cryptocurrencies may promote greater cryptocurrency adoption and integration into traditional investment frameworks, potentially shifting market dynamics.
