Bitcoin Could Hit $500K by 2030, Ric Edelman Predicts Another Bull Run
Financial advisor Ric Edelman remains bullish on Bitcoin's prospects, reiterating his prediction that the cryptocurrency will reach $500,000 by 2030. Speaking at the Bitcoin Treasuries Conference, Edelman attributed Bitcoin's impressive performance to its status as a 'best-performing' asset since inception.
According to Edelman, if global asset owners were to allocate just 1% of their portfolios to Bitcoin, the price could reach $500,000 by 2030. He also suggested that increasing this allocation to 2% would push the value to $1 million per coin, and advocated for even higher allocations of up to 40%.
Edelman dismissed concerns about the four-year cycle in cryptocurrency prices, stating 'I don't really care about the four-year cycle very much. I'm looking at 2030 and 2035 more so than the next quarter.'