Ric Edelman: Why I Now Recommend a 10-40% Crypto Allocation | Markets Outlook
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 21 July 2025
⏱️ 24 minutes
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| 0:00.0 | Everybody's excited about stable coins. |
| 0:02.5 | Well, if you're excited about stable coins and you think there's going to be trillions of dollars flowing into them, how do stable coins operate? |
| 0:10.7 | Mostly on the Ethereum blockchain. |
| 0:13.1 | So if you're bullish about stable coins, you are by definition saying that you're bullish about Ethereum. |
| 0:29.9 | I'm Jensen Assey here with the founder of the Digital Assets Council of Financial Professionals, Rick Edelman, |
| 0:32.0 | and this is your Monday Market Outlook. |
| 0:32.5 | Hey, Rick. |
| 0:33.9 | Great to be with you, Jen. |
| 0:35.6 | Great to have you here now. |
| 0:39.3 | I got to start off by asking you about the big news of the day. Friday, President Trump signed the Genius Act into legislation. Talk to me about |
| 0:46.6 | how you're making sense of that for investors. Well, it's really great news. We've been long expecting this. Donald Trump made it very clear |
| 0:56.6 | when he was running for president last summer that he was going to be very supportive of crypto, |
| 1:02.3 | generally, Bitcoin specifically. And he has been true to his word in his administration. |
| 1:08.6 | The Genius Act, which provides the rules of the road for stable coins, |
| 1:14.1 | was the low-hanging fruit of crypto. Everybody is an agreement that we needed these rules in place. |
| 1:20.9 | Majorities from both parties in Congress, the administration as well, the crypto community, |
| 1:26.7 | TradFi, everybody knew this was a big deal. |
| 1:29.3 | Because as is always the case with technological innovation, the innovation comes first, the regulation comes second. |
| 1:36.3 | Think back to automobiles. |
| 1:38.3 | First we had cars. The very next thing we had were car accidents. |
| 1:42.3 | So that's what led to stoplights and rules that you drive |
| 1:47.9 | on one side of the road, not the other, and so on. That's where we are with stable coins. |
... |
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