'Blockchain is the most influential technology since the Internet'
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Last updated
Last updated
According to financial expert Ric Edelman, Blockchain technology has the potential to revolutionize the international trade industry.
Ric Edelman, founder of Edelman Financial Engines, said that the financial world has not understood the nature of new digital assets, so they have missed opportunities to improve the way they do business using technology.
"Most financial professionals are people who have been in business for a long time, very successful, very talented and experienced, but the more experience, the more college degrees in the field, the better. difficult". Edelman said. "Bitcoin can be seen as a digital asset among thousands. It's important to realize this is a completely new and different asset class that has nothing in common with anything else that we can't find. we are familiar with".
Edelman argues that digital assets, like Bitcoin, are different from stocks, bonds, real estate, oil, gold, and other traditional assets because they are not correlated with each other. Its ability to withstand major market fluctuations makes digital assets a valuable investment opportunity for investors looking to diversify their portfolios. "This is the first truly new asset class in about 150 years," Edelman said.
While Bitcoin's price movements are unpredictable, there's still enough upside potential for investors to allocate 1 or 2% in most portfolios, Edelman said. However, he notes: "This can be a beneficial strategy to improve your overall bottom line in the long-term."
NFT assets over the past few years have emerged as one of the newest uses of blockchain technology. NFT tokens can represent physical and non-fungible assets. They have been used to encode content ranging from music and video games to images and artwork. These assets are then stored as tokens on a larger blockchain.
Edelman said: “Blockchain technology and its applications such as NFT and CBDC are the most impactful new commercial breakthroughs since the rise of the Internet. Its impact will be enormous on global commerce. bridge".
