Bitcoin sliding as investors shy away from risky assets and pile into safe havens as geopolitical conflict escalates in the Middle East. My next guest says that most investors should have at least some crypto in their portfolio, but does that put them at risk of a pullback? I want to bring in Rick Edelman, he's Digital Assets Council of Financial Professionals founder, and the best-selling author of The Truth About Crypto. So Rick, let's start with today's trading action. Does this expose some of the inherent risks associated with crypto investing, especially during these periods of uncertainty and volatility?

Yeah, there's no question that Bitcoin and digital assets broadly still represents, uh, a an aggressive posture in investing. Uh, but that said, we do know now, we have 15 years of performance data. Uh, the volatility of digital assets is declining as the asset class matures. And in fact, over the past year, Bitcoin has been less volatile than many tech stocks. Uh, so the pullback we've seen in the past few days is the same pullback we've seen in the stock market and the bond market, because of the knee-jerk reaction to what's happening on global economic, uh, environments and the recent attacks in Israel against Iran. So, uh, I don't really think that we need to be terribly worried about owning crypto anymore than we need to be worried about owning stocks.

And you recommend investors allocate between 10 and 40% of their portfolio to crypto. What's driving that conviction and what makes you so confident in the longer-term case there?

Well, it's a couple of things. Number one is longevity, which seems to have nothing to do with crypto. We're living longer than ever due to medical innovation. Um, nanotech, biotech, bioinformatics, uh, 3D printing, of course, AI and robotics. Uh, all of this is causing people to live longer than has ever happened in any time in human history, which means you can't assume you're going to retire at 65 and be dead by 85, which is the way it was for your parents, grandparents, great-grandparents. Today, we need to assume that we're going to live to age 100 or beyond. And that means we need to have a far higher allocation to equities than anybody ever did before, and we need to hold those equities much longer than anybody ever did. Instead of that traditional 60-40 glide path where by the time you're 75, you have very little money in equities, you need to have the bulk of your portfolio in equities well into your 80s and 90s. And increasingly, you need to have a significant part of those equities in crypto, the fastest-growing, most profitable asset class over the past 15 years and continued, expected to be continuing to be doing so over the next 10 or 15 years. So that means even conservative investors ought to have a 10% allocation to crypto, aggressive investors as much as 40%.