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Reply to "Ric Edelman now recommends 10-40% crypto"
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[quote=Anonymous][quote=Anonymous]He recommends 10 to 40%, not 40%. He published a white paper last month explaining why. Perhaps read it before showing ignorance by repeating tired cliches about tulips and money laundering. Bitcoin is a serious asset. Ray Dalio also recommends holding a significant percentage of net worth as a hedge against inflation. And Larry Fink. These are some of the most successful investors in history. It is not a scam. Yes, a lot of - even most - cryptocurrencies are scams, much like penny stocks. But Bitcoin is a completely different beast - more like Exxon or JPM or Apple in terms of value, but decentralized and with capped issuance. Learn the difference. [/quote] Plenty of smart money invested in CDOs and were left holding the bag. [/quote]
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