CCBeast Special


Top Wall Street Influencer Poured Into the Bitcoin Space
Editorial Team

 

The well-regarded investor and financial advisor, as well as chairman of Edelman Financial Services, LLC, Ric Edelman, has just joined the crypto investment firm Bitwise Asset Management.

Recently, more and more top talents are jumping from leading financial institutions such as Barclays and Goldman Sachs. This had led many Wall Street influencers to move to cryptocurrency.

Edelman also just appeared on CNBC’s Fast Money and said that every financial advisor and investment firm should consider devising a cryptocurrency strategy and shift some of their money to Bitcoin.

“I’m bullish on it because Bitcoin is now ten years old, it is a $200 billion market and Bitcoin is about 40 percent of that. Clearly, it is here to stay. There is a massive amount of investment going into the Blockchain and crypto assets, and financial advisors really don’t know much about it, no more than their clients do.”

Edelman believes that we are at the dawn of technological and financial revolutions and cryptocurrency are able to provide the adequate infrastructure for the decentralized peer-to-peer movement.

Edelman intends to set out on a mission to educate the public on cryptocurrency and spread awareness on its many uses. As Edelman points out, even huge investors in crypto know little about the use of cryptocurrencies and their functioning. During this confusing period of pre-adoption, the informed and crypto savvy investor has a huge advantage. As investors and influencers like Edelman continue to enter the community, the whole attitude towards the new technology will become more positive and optimistic.

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