This former financial advisor is now teaching other advisors about cryptocurrency. "A lot of people think it's a fad or a scam," he says.
KEY POINTS Many financial experts have avoided bitcoin and other cryptocurrencies. Ric Edelman, a former independent financial advisor and wealth executive, says that even though these assets are going down right now, they are still a huge opportunity. Edelman has written a new book called "The Truth About Crypto." In an interview with CNBC.com, he talks about what he thinks will happen with what he calls "a chance to make money we haven't seen in 35 years." Some people who didn't believe in cryptocurrencies were able to say, "I told you so" when Bitcoin's price dropped below $20,000. "How do you get a million dollars? "Invest a billion in bitcoin," one panellist joked earlier this month at a conference for financial advisors. The crowd laughed. Ric Edelman, who used to be an independent financial advisor and started Edelman Financial Services, gave a different talk at a different session of the Wealth Management EDGE conference