Edelman Predicts $500K Bitcoin by 2030 Based on Global Portfolio Allocation

Ric Edelman, founder of Edelman Financial Engines and the Digital Assets Council of Financial Professionals, believes that buying Bitcoin is comparable to investing in Amazon back in 1999. He predicts that if every portfolio worldwide holds just 1% of its assets in Bitcoin, the price could reach $500,000 by 2030.

Edelman, a longtime advocate for Bitcoin in traditional finance, made these comments on Bitcoin Magazine's BMTV program. He emphasized that this comparison is not about equating Bitcoin and Amazon as investments but rather about their adoption rates.

According to Edelman, if global portfolios allocate 1% of their assets to Bitcoin, it would translate to a $500,000 price point. However, he believes this target may be too conservative, suggesting that the price could surpass this level before 2030.