Best-selling author Ric Edelman reveals crypto portfolio strategy and says he holds more Ethereum than Bitcoin
Personal finance author and investor Ric Edelman has outlined his top strategy for navigating the digital asset markets.
Edelman, who is also the founder of the Digital Assets Council of Financial Professionals (DACFP), says in a new interview with Real Vision that he is currently “overweight” on crypto.
The investor says many investors, particularly those new to the space, might be better off just sticking with Bitcoin and Ethereum. He says he currently has more ETH than BTC because he believes ETH could offer more use cases to the commercial world.
“I’m going to tell you what I generally recommend people do for their crypto allocation. Number one, Bitcoin only. It’s the biggest, it’s the oldest, it will be the last one standing when it explodes. Number two, Ethereum, the second largest coin which I believe has a greater level of commercial application than Bitcoin. Personally, I own more Ethereum than Bitcoin, but not by much because the two are a big deal.
You could build a portfolio of just these two, Bitcoin and Ethereum. Together they represent 70% of the entire crypto market. They are the cola and the pepsi of crypto. Just do the two and call it a day.”
Edelman is also a fan and investor in the Bitwise Top 10 Crypto Index Trust (BITW), which aims to track a basket of the 10 largest digital assets.
“Third, if you want to be more diversified, I’m a big fan of the Bitwise Top 10 Crypto Index Trust, which is a grantor trust, there’s a lot of detail on how these things work. I am an investor in Bitwise [and] a big fan of the company.
They call it the S&P500 (Standard and Poor’s 500) of crypto, it’s the top ten coins weighted by market cap. So Bitcoin and Ethereum make up 70% of the fund, and then there are eight other coins that are the fast growing ones because the biggest won’t necessarily be the fastest growing.”
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