Veteran financier urges 20% crypto allocation as Bitcoin holds near $71K

Bitcoin (BTC) is holding steady near $71,288 after the Federal Reserve kept interest rates unchanged.
While the decision was widely expected, the confirmation removes a key layer of uncertainty for markets. For crypto, that clarity is often enough to spark renewed optimism.
And some analysts believe this moment could mark a turning point.
Related: Bitcoin and XRP could potentially be included in 401(k) plans
Fed pause gives crypto room to breathe
The Federal Reserve’s decision to hold rates steady signals a continuation of the current policy stance, with no immediate tightening pressure on markets.
For Bitcoin, that matters.
Higher interest rates tend to drain liquidity and weigh on risk assets, while a pause, or eventual easing, creates a more favorable backdrop.
With rate cuts now expected later in the year, crypto markets may benefit from improving liquidity conditions in the months ahead.
Bitcoin’s ability to hold above the $70,000 level reflects that resilience.
Despite trading more than 30% below its mid-October high of $126,000, the asset has maintained strong support, suggesting that long-term conviction remains intact.
Related: Bitcoin, XRP surge amid rising US-Iran tensions
Analysts see long-term upside
Digital Assets Council financial professional Rick Edelman is among those leaning bullish.
In a recent interview, he argued that investors should be “ecstatic” at current price levels.
"If you loved it at $126,000, you have to be ecstatic about it at $70,000."
Edelman added that he would continue recommending allocating crypto in portfolios despite the drop in price.
He recommended 20% of investment portfolios to crypto, a significantly higher share than traditional models suggest.
His thesis is rooted in long-term growth potential.
“We talk about 5% or 10% returns for other assets. Bitcoin is going to be 5x or 10x over the next 5 to 10 years,” Edelman said.
He also points to demographic shifts. As people live longer, traditional portfolio models like the 60-40 split between stocks and bonds may no longer be sufficient.
Instead, he suggests a shift toward more equity-heavy allocations and a meaningful role for crypto within them.
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Adoption is still early, narrative evolving
Another key argument for Bitcoin’s upside lies in adoption.
Edelman pointed out that currently, less than 5% of the global population owns Bitcoin, far lower than other major asset classes such as stocks, real estate or commodities.