Buy the Bitcoin Dip? Why Ric Edelman Still Thinks Portfolios Should Hold Up to 40% Crypto

Core Insights - Ric Edelman maintains his cryptocurrency investment strategies despite Bitcoin's current price drop, viewing it as a buying opportunity [1][4] - Edelman emphasizes that long-term investors should see market declines as opportunities, similar to traditional stock market advice [2][4] - The founder of the Digital Assets Council of Financial Professionals advocates for a significant allocation of crypto in investment portfolios, suggesting 10% for conservative investors and up to 40% for aggressive ones [2][3] Market Context - Bitcoin has struggled to maintain a price above $90,000, recently falling to as low as $81,000 amid macroeconomic challenges [4] - Institutional interest in cryptocurrencies remains strong, with notable investments such as Harvard University's $116 million position in the BlackRock iShares Bitcoin Trust [5] - Edelman highlights the increasing engagement and adoption of cryptocurrencies by traditional finance and Fortune 500 companies, which he believes will support price increases in the coming years [6]