Chairman of the U.S. Digital Asset Financial Advisory Board: Cryptocurrency Portfolio Allocation Can Be Increased to 10-40%
According to a report by Jinse Finance, Ric Edelman, Chairman of the Digital Assets Council of Financial Advisors in the United States, stated in an interview with CNBC that he recommends allocating 10% to 40% of investment funds to cryptocurrencies, whereas four years ago his recommendation was just 1%. Ric Edelman noted that four years ago, it was unclear whether the U.S. government would ban Bitcoin, whether the technology would become obsolete, or whether consumers and institutions would accept and adopt Bitcoin. However, all these issues have now been resolved. The price of Bitcoin does not move in sync with stocks, bonds, gold, oil, or commodities, and the return opportunities offered by the crypto asset class are higher than almost any other asset class.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: If ETH falls below $4,376, the cumulative long liquidation intensity on major CEXs will reach $2.729 billions.
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