Ric Edelman: What everyone gets wrong about Bitcoin in 2026

Ric Edelman was early on Bitcoin. He was right. Now he explains why the argument has changed completely.

Ric Edelman, founder of Edelman Financial Engines (one of the largest independent RIA Firms in the U.S.), the Digital Assets Council of Financial Professionals (DACFP) and one of the architects of modern independent wealth management, joins Pierre Daillie and Mike Philbrick on Raise Your Average for a searching, unvarnished conversation about where the digital asset story actually stands today.

With Bitcoin off roughly 50% from its peak and public attention captured by AI, Edelman reframes what this moment demands of advisors and investors. He traces the arc from being booed off stages in 2013 to watching Morgan Stanley tell its sixteen thousand advisors to allocate two to four percent to crypto, and argues that the real inflection point has already passed.

The conversation moves well beyond price, covering the quiet institutionalization of blockchain rails inside the largest banks on earth, why a 90-year-old client may have every reason to own crypto, how advisors are quietly losing clients to an asset class they refuse to understand, and why the stalling of the CLARITY Act exposes a more troubling political dynamic than most observers have admitted.