Ric Edelman: Bitcoin has become a legitimate asset class in advisory
- —Edelman: a zero bitcoin allocation is effectively a short on the market
- —A 2% target allocation is called reasonable for client portfolios
- —Over 16 years bitcoin has moved independently of stocks and bonds
- —The CLARITY Act's failure is already priced in, and the SEC could provide clarity through rules
Why it matters: A signal of bitcoin adoption by advisers supports institutional capital inflows and demand for spot ETFs.
Source: TokenPost