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Bitcoin’s journey from skepticism to mainstream adoption has taken a dramatic turn, with financial advisors now recommending unprecedented allocations. Ric Edelman, a prominent figure in digital assets, suggests investors consider dedicating up to 40% of their portfolios to Bitcoin. This bold recommendation reflects Bitcoin’s evolving role as a reserve asset and its potential for high returns.
- Ric Edelman, head of the Digital Assets Council of Financial Advisors, now recommends allocating up to 40% of a portfolio to Bitcoin, a major increase from his earlier 1% suggestion.
- The traditional 60/40 stocks-bonds portfolio strategy is deemed ineffective in today's market, with Bitcoin offering higher returns and diversification benefits.
- Bitcoin's growing recognition as a reserve asset by countries like the US signals a shift from past skepticism to mainstream financial acceptance.
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