{"id":277096,"date":"2021-06-17T16:07:13","date_gmt":"2021-06-17T13:07:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-first-genuinely-new-asset-class-in-150-years-says-ric-edelman\/"},"modified":"2021-06-17T16:07:13","modified_gmt":"2021-06-17T13:07:13","slug":"bitcoin-first-genuinely-new-asset-class-in-150-years-says-ric-edelman","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-first-genuinely-new-asset-class-in-150-years-says-ric-edelman\/","title":{"rendered":"# Bitcoin first \u2018genuinely new asset class\u2019 in 150 years, says Ric Edelman"},"content":{"rendered":"

“# Bitcoin first \u2018genuinely new asset class\u2019 in 150 years, says Ric Edelman <\/strong>”
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Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a \u201ccompletely new and different asset class\u201d that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to mention a few.<\/p>\n

Speaking to Yahoo Finance on Wednesday, the financial adviser called<\/a> Bitcoin and crypto \u201cthe first genuinely new asset class in about 150 years.\u201d According to Edelman, not since the gold market has there been an innovative asset class like cryptocurrencies.<\/p>\n

As part of the discussion, Edelman revealed that he was helping educate financial advisers about the need to be more open-minded about crypto as a viable portfolio diversifier. <\/p>\n

Indeed, as previously reported by Cointelegraph, a recent survey by corporate research outfit Opinium showed that over 90% of 200 polled independent financial advisers in the United Kingdom were against crypto investments for their clients.<\/p>\n

While not specifically reacting to the Opinium poll, Edelman characterized the reticence among independent financial advisers (IFAs) as being due to bias, stating:<\/p>\n

\u201cMost financial professionals have been in business a long time [\u2026] But the more experience, the more talent you have, the more difficult it is to get your head around Bitcoin.\u201d<\/p><\/blockquote>\n

According to Edelman, given that portfolio diversification and rebalancing are popular strategies of IFAs, then BTC should be an obvious choice.<\/p>\n

Related: <\/em><\/strong>Crypto and \u2018meme stocks\u2019 shunned by 90% of UK financial advisers<\/em><\/strong><\/p>\n

Edelman further argued that financial advisers need only look to the technological underpinnings of cryptocurrencies to see that cryptos are not in the same cadre as tulips or beanie babies.<\/p>\n

For Edelman, crypto and blockchain technology<\/a>, in general<\/a>, is the \u201cmost impactful commercial innovation since the development of the internet itself.\u201d<\/p>\n

Back in 2019, the financial adviser remarked that a Bitcoin exchange-traded fund in the United States was an inevitability. <\/p>\n