Rick Edelman, the head of Edelman Financial Engines, advised all money managers to invest in Bitcoin 1-2% of the total portfolio. According to the financial expert, integration into the blockchain technology is necessary. He also said he was talking about long-term investments since the cryptocurrency market is too volatile for short-term investments.
Edelman is sure of the massive adoption of BTC leading to the inevitable growth of its rate. He also believes that blockchain technology will displace various intermediaries from the market, such as brokers and insurers in the future.
Earlier we wrote that an expert of a financial holding found the reason for the future drop of bitcoin. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.