Ric Edelman, a prominent US financial advisor, has recommended a shift from conservative to a robust portfolio allocation to Bitcoin. Edelman, who is the head of the Digital Asset Council of Financial Advisors, shared this narrative in a recent interview with CNBC. He based his newfound claims on several variables, including Bitcoin’s mainstream emergence and …
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The recent Bitcoin surge back above the $100,000 mark may be due to speculative leverage rather than organic spot demand, according to new on-chain data. Analytic platform Glassnode raised concerns about the rally’s sustainability, suggesting that speculative trading, not fundamental buying, is behind the move. Leverage, Not Organic Demand, Pushed Bitcoin Higher Earlier this month, …
