BofA backs 4% crypto allocation, while this crypto bull says 40%
Market Intelligence Analysis
AI-PoweredBank of America recommends a 4% crypto allocation for its wealth management clients, while Ric Edelman suggests a 40% allocation, showing a significant difference in crypto investment advice.
Market impact analysis based on neutral sentiment with 73% confidence.
Article Context
Bank of America (BAC) says its wealth management clients should consider adding some crypto exposure to their portfolios, endorsing an allocation of up to 4%. Ric Edelman, Digital Assets Council of Financial Professionals (DACFP) founder and "The Truth About Crypto" bestselling author, sits down with Market Catalysts host Julie Hyman to discuss evolving sentiment around crypto on Wall Street and what the biggest risk is to his bullish crypto outlook. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
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