According to financial pro Ric Edelman, Blockchain technology has the potential to revolutionize the global trade industry.
Ric Edelman, founder of Edelman Financial Engines, stated that the financial world didn’t understand the character of new electronic assets, so that they missed opportunities to enhance how 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 university degrees in the field, the better. difficult”. Edelman said. “You can see Bitcoin as a digital asset among thousands. It is important to realize this is a completely new and different asset class that has nothing in common with anything else we are familiar with.”
Edelman asserts that electronic assets, like Bitcoin, are different from stocks, bonds, property, oil, gold, and other conventional assets since they’re not correlated with one another. Its ability to withstand major market changes makes electronic assets a valuable investment opportunity for investors seeking 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 is still enough upside potential for investors to devote 2 or 1% in many 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 last few years have emerged as one of the latest applications 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 artwork and images. These resources are then saved as tokens on a bigger blockchain.
“Blockchain technology and its applications such as NFT and CBDC are the most impactful new commercial breakthroughs since the rise of the Internet,” Edelman said. Its impact will be enormous on international trade.”
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