In a recent interview with Real vision, Ric Edelman reveals his strategy for not getting lost in the crypto market. According to this personal finance investor, newbie investors should limit themselves to Bitcoin and Ethereum.
Who is Ric Edelman?
Ric Edelman is an American investor. He is also the author of 10 books on personal finance.
For 30 years, through his radio show, Ric Edelman has been teaching everyday people about personal finance. What makes him one of the best financial advisors in the United States. Currently, he continues to do so with his new show “The Truth About Your Future”. With a daily podcast, Ric Edelman provides valuable advice to financial advisors as well as investors.
Ric Edelman is also the author of the book “The Truth About Crypto”. This is a practical and easy guide that helps people better understand digital assets and their environment.
The strategy to adopt to navigate the crypto market
To grow their portfolio, the famous financial advisor recommends people stick to two cryptocurrencies. The first is bitcoin. bitcoin rest biggest cryptocurrency. But not only ! It is also the most resistant. The second is ether. Ric Edelman considers Ethereum to offer a better level of commercial application than Bitcoin. It is for this reason that he has more ether than bitcoin.
Together, these two cryptocurrencies represent 70% of the total market of cryptography. For Edelman, investors (especially novices) are better off investing only in bitcoin or Ethereum. He even qualifies these two cryptos as “the Coke and the Pepsi of crypto”.
For those who want to be more diverse, Ric Edelman recommends the Bitwise Trust. He did not hide that he is an investor in Bitwise while being a big fan of the company.
For many, Ric Edelman’s advice is considered effective and fruitful. His words during this interview will certainly influence the behavior of investors vis-à-vis Ethereum and Bitcoin. Free advertising for these two cryptocurrencies!
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