Edelman Sees Bitcoin Reaching $500,000 in Ten Years

Financial advisor Ric Edelman predicted that Bitcoin (BTC) will hit $500,000 by 2030 during the recent Bitcoin Treasuries Conference.

Edelman described Bitcoin as the 'best-performing' asset since its inception and anticipated this trend to continue for the foreseeable future.

BTC has gained 13,611% over the last decade, outperforming gold and the S&P 500. However, Edelman downplayed the significance of short-term cycles, focusing on longer-term projections like 2030 and 2035.

Edelman suggested that if global asset owners allocated just 1% of their portfolios to Bitcoin, the price could reach $500,000 by 2030. He added that a 2% allocation would push the value to $1 million per coin.