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What part of we're still early do you not understand?

While crypto's adoption has certainly accelerated this year and Tray institutions are launching crypto products.

Many people are still skeptical of digital assets.

They believe they missed out on Bitcoin because of its sky-high prices and are also scared away by the fraud and hacking stories associated with the industry.

But Bitcoin and E, along with a slew of other crypto coins, are ripping, so investors still had a chance at gains when they thought they were too late months ago.

Joining me to explain why investors should rethink crypto and consider digital assets in their portfolios is Rick Edelman, veteran wealth manager and founder of Digital Assets Council of Financial Professionals.

Rick, happy Friday to you.

Thank you so much for joining me.

So you are not Satoshi, but you have two white papers on digital assets.

So take us through the correct crypto allocation for investors based on your perspective.

Well, I've been in this space, as you know, I mean, it's good to be with you, by the way.

I've been in this space since 2012 and have been studying it pretty intently.

And when we see the incredible change over the past year and a half in the world of crypto, everything from the launch of the Bitcoin ETFs 18 months ago to Donald Trump's election in November and the incredible. reversal of all the Biden era anti-crypto positions now being totally changed into very supportive policies with the passage of major legislation out of the House yesterday.

It is very clear that crypto is here to stay.

It's now a mainstream asset class, and it's really important that people build a portfolio for the future they're going to live in.

And that means recognizing longevity.

People are living longer than ever, and that means we need to have our money last as long as we're going to last.

That means we can't have a traditional 60 to 40 portfolio anymore.

That's going to be insufficient to generate the income we need into our long old age, and that means a higher equity allocation instead of 60/40, maybe 80/20, maybe 9010 for much longer than you ever thought.

And a big portion of that equity allocation needs to be in crypto.

I'm suggesting that people should have at least 10% of their allocation in crypto if they're a conservative investor, 25% if they're moderate, and up to 40% if they're an aggressive investor.

Yeah, and Rick, 2012 would make you an early adopter.

I always like to hear when people who are in crypto got into this space, but it's really interesting you mention this because when it comes to the traditional 6040 portfolio, we know that we can't quite rely on that, especially if we live.

On our years.

So first and foremost, Trump is expected to sign an executive order which does open up 401k plans to investments beyond just stocks and bonds, and I understand that you have a price target for Bitcoin, which is 500,000 by 2030.

So how does the crypto major actually get there?

Well, it's really very simple arithmetic when you think about it.

If you add up the total value of all the money in the world, all the stocks, bonds, real estate, gold, oil, commodities, artwork, cash, it's about $800 trillion is the value of all our stuff on a global basis.

If everybody who owns all that stuff allocates just 1% to Bitcoin, that would be flows of $8 trillion into Bitcoin.

And that would put Bitcoin at about 500,000 per coin.

Simple as that.

Well, simple math right there, but I also understand that you also detail these six mistaken beliefs that are keeping investors from buying and recommending Bitcoin.

So can you quickly take us through this?

Sure, this is the white paper I wrote in January.

What I've been frustrated about lately is that a lot of people are insisting on not allocating to Bitcoin, and they're doing it for reasons that they think make sense but in fact are just outright myths.

The number one is I don't want to admit I was wrong.

For somebody to buy Bitcoin today at 120,000, they have to admit that they were wrong not buying it at 100 or 60 or 40 or 20,000, which they could have done over the past decade, even just a few months ago.

Frankly, you weren't wrong by not buying Bitcoin 10 years ago or 5 years ago or even 1 year ago.

You weren't wrong.

You were prudent.

You were careful.

You were responsible.

Bitcoin in the Biden administration was a very uncertain speculative asset because the Biden administration hated.

Bitcoin and was working hard to try to get rid of it.

We didn't know if Bitcoin would survive from a regulatory or legislative perspective.

We didn't know if there would be large consumer and investor adoption.

We didn't know if it might become technologically obsolete.

All of those questions are now resolved, and since the questions are resolved, you're resolved to now invest can proceed as well.

So don't worry that you might consider yourself wrong.

You weren't wrong.

The fact that you, you were simply not willing to take the big risk that you had to take earlier, those risks have largely gone away.

Another big myth that I find people saying. is that it's too late that Bitcoin is already 120,000 in price and it's already at an all-time high, should have gotten in earlier but didn't, and therefore it's now too late.

That's equally a myth.

We can always point to any asset and say I should have invested 10 or 20 years ago.

We can say that about real estate, about stocks.

We can say it about anything.

It's not too late.

In fact, we know that the higher an asset goes, the higher it's likely to continue going over long periods.

Somebody who bought real estate 20 years ago, that was a high as well.

But look at real estate prices today in comparison.

So don't worry that it's too late.

It really isn't.

In crypto.

We're barely in the 2nd or 3rd inning.

We have a long way to go, as I just mentioned.

I think the price of Bitcoin will be 500,000 in just 4.5 years.

It's only 120,000 today, so if anything, it's not too late.

It's still very early.

And finally, one big comment that people say is that they think that quantum computing is a big threat to Bitcoin.

I hear that a lot.

You've probably heard the stories that they're suggesting that quantum computers will be able to break through the cryptography that keeps Bitcoin's blockchain safe and that Bitcoin will become worthless when quantum computers come out.

That's nothing to worry about at all for a couple of very basic simple reasons.

Number one, If somebody can use a quantum computer to break the Bitcoin blockchain code, why can't we use a quantum computer to protect it?

In other words, if you show up with a 10 ft ladder, I'll just build a 12 ft wall.

That's the first reason we don't have to worry about it.

But the second reason is far more important.

If somebody can A quantum computer to break into Bitcoin.

They're not going to bother.

What are they going to do instead?

They're going to break into the national nuclear codes of the Defense Department, or they're going to go after the for today.

So hopefully we can welcome you back sometime soon.

Thank you so much for joining us today.

Thanks.