$BTC Manager of $291 billion makes bold prediction about Bitcoin price
$FRONT
Ric Edelman, who manages $291 billion, made a bold prediction about the price of Bitcoin.
Speaking to Yahoo Finance, Ric Edelman, founder of financial consulting firm Edelman Financial Engines, said the future of Bitcoin is bright.
The famous name managing 291 billion USD made an impressive prediction about the price of Bitcoin and said that the price of Bitcoin could rise to 420,000 USD.
Building on predictions of growing global allocation to Bitcoin, Edelman explains the benefits of investing in spot BTC ETFs.
Saying that the ETF is an easy way to gain exposure to Bitcoin, this famous name also says that it is very cheap.
“I think the spot Bitcoin ETF is extremely cheap. They are cheaper than going to Coinbase or another cryptocurrency exchange and using a brokerage account.
The ETF will simplify the BTC investment process and allow it to reach a wider audience. This will cause prices to increase.
Because according to calculations, if all global asset owners allocated only 1% of their wealth to Bitcoin, this would mean that the market value of Bitcoin alone is 7.4 trillion USD. This means BTC price could reach a figure like $420k.”
Although Edelman is optimistic about BTC, he still cautions investors against regulatory uncertainty, possible new lawsuits and fraud.
Finally, this famous name gave his review of the Ethereum ETF, he expected the SEC to reject the first ETH ETF applications, but approval of an ETF for ETH could come later this year.
👉#bitcoin today is so green 😅
