Ric Edelman, founder of a $300 billion asset management firm, has significantly increased his recommendation for cryptocurrency allocations in investor portfolios, now advising financial advisors to allocate between 10% and 40% to Bitcoin and other cryptocurrencies. This marks a substantial shift from his 2021 guidance, which suggested a 1% allocation. Edelman cited the mainstream acceptance of crypto assets, noting that every member of the U.S. president’s cabinet now owns Bitcoin, reflecting growing institutional normalization. He described crypto as a core, long-term investment and suggested that a 40% allocation today is safer than a 1% allocation was four years ago. Edelman also indicated that not owning crypto in the current market poses a greater risk. In parallel, billionaire investor Ray Dalio recommended that investors allocate up to 15% of their portfolios to a combination of Bitcoin and gold to hedge against rising U.S. debt and economic uncertainty. Dalio emphasized Bitcoin's role as a store of value and highlighted the ongoing macroeconomic risks that markets have yet to fully price in. These recommendations from prominent financial advisors underscore a broader shift toward integrating digital assets into mainstream investment strategies.