Ric Edelman has been making news for suggesting 10-40% Bitcoin ("crypto") allocation is necessary due to increased life span. I think he used the Kelly Fraction for past five years performance with quarterly rebalancing then cut the result in half, quarter and ~10% of the result. Depending on what variables you use Kelly would target 70-85% allocation. Interesting approach for an RIA that needs to back up their recommendations and portfolio management.
Good news: financial analyst are finding a way to argue for more Bitcoin and placate worried investors
Bad news: this strategy badly under performs hodl for the entire period. Something like 10-30x performance for just hodl'ing the same portfolio percentage in Bitcoin.
This is financial advisors in a nutshell: "I have this model that will make you rich and make me a ton in fees." But you'd be waaaay better off just buying something simple and never looking at the balance. Tale as old as time. Bitcoin is the index