Personal Finance Guru Ric Edelman Reveals His Cryptocurrency Investment Strategy
A highly-regarded personal finance author reveals his top strategy for approaching digital assets, which might surprise you.
Ric Edelman is a well-known individual in the field of personal finance, recognized as a financial advisor, author, and radio host. He founded Edelman Financial Services, LLC (later renamed to Financial Engines Advisors LLC), a Top 100 Registered Investment Advisor (RIA) firm in the U.S.
Edelman has authored various personal finance books, including popular titles like “The Truth About Money” and “The Lies About Money.” In addition, he regularly contributes to financial publications and has made numerous television appearances, such as on “The Oprah Winfrey Show,” “The Today Show,” and “The Rachel Ray Show.”
Furthermore, Edelman hosts a weekly radio show called “The Ric Edelman Show,” where he shares his expertise on personal finance topics and answers questions from listeners. As a result of his extensive knowledge and experience in financial advising, Edelman has been recognized as one of the leading financial advisors in the U.S. by respected publications like Barron’s and Forbes.
According to an article published by The Daily Hodl on April 11, personal finance author and investor Ric Edelman, founder of the Digital Assets Council of Financial Professionals (DACFP), shared his top strategy for navigating the digital asset markets in a recent Real Vision interview.
Edelman revealed that he currently has a higher exposure to cryptocurrencies than usual. Edelman suggested that many investors, especially those new to the crypto space, might find it more beneficial to focus primarily on Bitcoin and Ethereum. Edelman holds a larger amount of Ethereum compared to Bitcoin, as he believes Ethereum offers more use cases in the commercial world.
In the interview, Edelman emphasized the importance of allocating crypto investments primarily to Bitcoin, given its status as the largest and most established digital asset. He also underscored the value of investing in Ethereum, citing its broader range of commercial applications. Edelman pointed out that Bitcoin and Ethereum account for around 70% of the entire cryptocurrency market, comparing their dominance to that of “Coke and Pepsi” in the beverage industry.
Moreover, Edelman expressed his support for the Bitwise 10 Crypto Index Fund (BITW), in which he is an investor. According to Edelman, the index follows the top ten market-cap-weighted cryptocurrencies, with Bitcoin and Ethereum constituting 70% of the fund and the remaining eight coins representing the fastest-growing assets in the market.
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