Ric Edelman, the 60-year-old prolific financial advisor, and best-selling author of “The Truth about Crypto” – is shaking things up in the enormous $100 trillion+ investment world. Godfrey of boosting cryptocurrency allocations for investors! This follows their recent self-admission that they got it wrong on Bitcoin and crypto in general, given the regulatory clouds of uncertainty. Edelman wants to see Bitcoin and crypto featured more prominently in long-term investment portfolios. He cites rising life expectancy and the diversification benefits that Bitcoin can provide.

Edelman, in a recent interview with CNBC's Crypto World, stated that the traditional investment strategy of 60% stocks and 40% bonds is becoming obsolete. He wants new technology and medicine to help Americans live to 150. This new reality requires us to rethink how we make investments.

"If you're a financial advisor and you had a 30-year-old client who was saving for their long-term future, you would tell them to put 100% of their money in stocks, because they have 50 years to go. Today's 60-year-old is kind of like yesterday's 30-year-old." - Ric Edelman

In particular, Edelman emphasized Bitcoin’s indisputable role as a portfolio diversifier, pointing to its zero correlation with other asset classes. At the same time, he noted, four years ago Bitcoin and crypto in general were quite uncertain. There were worries about anticipated government prohibition and the possibility of blockchain tech becoming permanently obsolete.

"Bitcoin prices don't move in sync with stocks or bonds or gold or oil or commodities… The crypto asset class offers the opportunity for higher returns than you're likely to get in virtually any other asset class." - Ric Edelman

Edelman’s latest pitch involves putting a large piece of investors’ portfolios into these speculative digital assets.

"Today I am saying 40%, that's astonishing. No one has ever said such a thing." - Ric Edelman