Veteran financier urges 20% crypto allocation as Bitcoin holds near $71K
By Pooja Rajkumari
Published on March 18, 2026.
Bitcoin (BTC) has remained steady near $71,288 following the Federal Reserve's decision to keep interest rates steady, which has some analysts believe could mark a turning point for the crypto market. Despite trading more than 30% below its mid-October high of $126,000, Bitcoin has maintained strong support suggesting long-term conviction. Veteran financier Rick Edelman has recommended 20% of investment portfolios allocated to crypto, a significantly higher share than traditional models suggest. He also highlighted demographic shifts and suggested a shift towards more equity-based allocations and a meaningful role for crypto within these portfolios.
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