Edelman Sees BTC at $500K by 2030: 'Bitcoin Will Have the Same Trajectory' as Amazon

Veteran financial adviser Ric Edelman has made a striking comparison between Bitcoin's current stage of adoption and Amazon during the early days of the internet boom.

In an interview with Bitcoin Magazine TV, Edelman pointed out that investors in 1999 were still debating whether to invest in Amazon, just as they are now debating Bitcoin. He expects Bitcoin to follow a similar long-term adoption trajectory, becoming far more widely held over time.

Edelman's calculation for Bitcoin reaching $500,000 by 2030 is based on his assumption that global investment portfolios will allocate approximately 1% of their assets to BTC. He argues that this level of worldwide allocation could correspond to a price of roughly $500,000 per coin.

The comparison between Amazon in 1999 and Bitcoin today concerns adoption rather than identical investment characteristics. While Amazon is an operating company with revenue and cash flows, Bitcoin is a decentralized digital asset.