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Bitcoin [BTC] volatility works to investors’ advantage, says Financial advisor

Priya

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Bitcoin [BTC] volatility works to investors' advantage, says Financial advisor
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One of the well-known Financial Advisors, Ric Edelman, the Founder of Edelman Financial Engines, spoke about Bitcoin, during his latest interview with CNBC. Here, he spoke about the reason he prompts investors to have only about 1% in cryptocurrency in their portfolio.

Notably, this is not the first time the Founder elucidated on this topic. Previously, in an interview, Edelman had stated that he advises his investors to the hold up to 1% or 2% of the investment in cryptocurrency. This percentage, according to him, should definitely not exceed more than 5%. He reportedly stated that investors will have to be ready to hold the asset for a long duration, probably decades and that they will have to be prepared to lose their complete investment if they are looking into an extremely volatile market.

More so, the Financial advisor has also spoken highly of Bitcoin, the largest cryptocurrency in the market. He had stated that the very first cryptocurrency is here to stay. He added that the coin’s presence for the past 10 years and its part in over $200 billion market makes it all the more evident that the coin will not be going anywhere.

Edelman said:



But it’s because of the volatility, it works to your advantage. Instead of having volatility of 2 or 3 percent a day, this thing you typically you can see it got 10 or 20 percent on a day we’ve seen fifteen hundred percent in a year and that ridiculous level of volatility is what makes the bet, if it wins a huge winner but if it loses its 1% of the portfolio it’s really a numbers game”

This was followed by Tom Lydon, the Editor-in-Chief at ETFTrends.com, stating that there is currently a lot of pent up demand. He added that over 74% of all the advisors the firm has interviewed have claimed to have talked to their clients about their interest in Bitcoin. He said:

“so they need to step up when this happens because that money is gonna go elsewhere and you want to make sure you have managed that it’s part of the pool one thing we’re quite certain is the business overall is gonna grow three point six trillion we watch me grow year after year”

Jakub agnieszka, a Youtube user said:

“It has been proven over and over that crypto winning (bitcoin trading)is a combination of experience and good strategies and you can always join a winning team of more experience trader with already working and proven strategy,one of the best remains Williams Kris and with him I have been success in my trade, am grateful





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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