Bestselling author Ric Edelman reveals crypto portfolio strategy, says he owns 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 Real Vision interview that he is currently “overweight” in his exposure to crypto.

The investor says that many investors, especially those new to the space, may be better off sticking with Bitcoin and Ethereum. He says he currently holds more ETH than BTC due to his belief that ETH can offer more use cases to the commercial world.

“I want to tell you what I generally recommend to people, what your crypto allocation should be. Number one, just Bitcoin. It’s the biggest, it’s the oldest, it’ll be the last man standing if it blows up. Number two , Ethereum, the second largest coin that has, I think, a higher level of commercial application than Bitcoin.I personally own more Ethereum than Bitcoin, but not by much because the two are a big deal.

You can build a portfolio of just these two, Bitcoin and Ethereum. Together, they represent 70% of the total crypto market. They are the Coke and Pepsi of crypto. Just do the two and take a day.”

Edelman is also a fan and investor of 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’m an investor in Bitwise [and] 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 capitalization. So Bitcoin and Ethereum represent 70% of the fund, and then you have eight other coins that represent the fast-growing ones, because the biggest ones won’t necessarily be the fastest-growing ones.”

O

Featured image: Shutterstock/CYB3RUSS