The Next Circle IPO, Ric Edelman on Crypto Allocations, Novo Nordisk vs Hims, Dumbflation

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Jun 24, 2025

In a lively discussion, Ric Edelman, founder of Edelman Financial Engines and digital assets expert, delves into the evolution of cryptocurrency investment strategies. He highlights the importance of adapting traditional portfolios with Bitcoin and stablecoins amidst changing financial landscapes. Ric also explores how cryptocurrency can benefit marginalized communities while urging advisors to embrace transparency. Additionally, he addresses the recent complexities in health tech and consumer behavior, including efforts to navigate shortages and the rise of online pharmacies.

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ANECDOTE

Ric Edelman's Crypto Journey

Ric Edelman shares his journey from initial skepticism to investing early in Bitcoin around $700.
His curiosity drove him to understand crypto deeply and create the Digital Assets Council of Financial Professionals.

INSIGHT

60-40 Allocation Is Dead

The traditional 60-40 stock-bond allocation is outdated due to extended lifespans.
Investors need higher equity allocations, with crypto as a leading equity alternative, for long-term growth.

INSIGHT

Tokenization Transforms Investing

Tokenization will transform asset management by enabling instant, transparent trading of fractionalized real-world assets.
This technology will expand portfolios far beyond traditional securities to include real estate, art, and exotic items.

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On this TCAF Tuesday, Josh Brown sits down with Ric Edelman, Founder of Edelman Financial Engines to discuss: how far Bitcoin has come, the correct Bitcoin allocation, Tokenization, Stablecoins, and much more! Then at 01:03:40 hear an all-new episode of What Are Your Thoughts with ⁠⁠⁠Downtown Josh Brown⁠⁠⁠ and ⁠⁠⁠Michael Batnick⁠⁠⁠!

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