Bitcoin (CRYPTO: BTC) held near $70,000 as Digital Assets Council financial professionals adviser Rick Edelman said investors should be “ecstatic” at current prices, arguing if you loved Bitcoin at $126,000, you have to love it more at $70,000.

The 10-40% Allocation Thesis

Edelman recommends investors allocate 10-40% of portfolios to crypto despite Bitcoin trading more than 30% below its $126,000 record high from mid-October. 

He argues adoption is growing and Bitcoin’s returns are likely to dramatically outperform any other asset class over the next 5-10 years.

“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. “So …

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Pi Network (CRYPTO: PI) surged 30% during Asia trading hours Friday after Kraken announced it will list the cryptocurrency ahead of Pi Day on March 14.

The Kraken Listing Catalyst

Kraken’s listing announcement triggered the rally as PI became available on a major U.S.-regulated exchange. 

The token is already listed on OKX, Gate, and Bitget, but Kraken’s entry expands access to mainstream retail and institutional traders.

The timing coincides with Pi Day on March 14, a holiday celebrating the mathematical constant where the first three digits are 3.14. The date has become a marketing opportunity for Pi Network, similar to how pizzerias and bakeries offer discounts.

Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph. 

Users tap a mobile app daily to “mine” tokens and form identity-verified security circles that feed into a consensus system derived from the Stellar protocol.

The …

Full story available on Benzinga.com