Edelman Sees Bitcoin's Future as Bright as Amazon's Past

Ric Edelman, founder of Edelman Financial Engines and a well-known bitcoin advocate, has drawn parallels between buying bitcoin today and investing in Amazon back in 1999. According to him, nobody had doubts about investing in Amazon at that time, just like people will soon view Bitcoin as a must-have asset.

Edelman predicts that if the world allocates even 1% of its assets to Bitcoin, it would translate to a price of $500,000 per coin. He believes this prediction is 'actually kind of low compared to many others.'

In an interview with Bitcoin Magazine TV, Edelman shared his past experiences as a bitcoin advocate in the early days. He was mocked by his colleagues for promoting the cryptocurrency, but now most people in the traditional finance space acknowledge that it's here to stay.