Ambitious Prediction for Bitcoin from the Famous Name Who Manages 291 Billion Dollars!

Speaking to Yahoo Finance, Ric Edelman, founder of financial consultancy company Edelman Financial Engines, said: BitcoinHe said that the future is bright.

The famous name, who manages $291 billion, made a striking prediction for the price of Bitcoin and argued that the price of Bitcoin could rise to $420,000.

Basing this prediction on the increasing global allocation to Bitcoin, Edelman said: BTC He explained the benefits of investing in ETFs.

Stating that ETFs are an easy way to access Bitcoin, the famous name also said that it is very cheap.

“I think spot Bitcoin ETFs are incredibly cheap. They are cheaper than going to Coinbase or another cryptocurrency exchange and having a brokerage account.

ETFs will simplify the BTC investment process and enable it to reach a wider audience.
This will cause the price to increase.

Because according to their calculations, if all global asset owners allocated just 1% of their assets to Bitcoin, this would mean a market value of $7.4 trillion for Bitcoin alone. This means that the BTC price can reach figures such as 420 thousand dollars.”

Ethereum ETFs Will Get First Rejections!

Although Edelman was optimistic about BTC, he warned investors against uncertainty in regulations, possible new lawsuits and fraud.

Edelman also criticized those who invested due to fear of missing out (FOMO), calling FOMO investing a weak investment logic.

Finally Ethereum The famous name, who also made an evaluation about ETFs, is the SEC’s first ETH He claimed that he expected it to reject ETF applications, but ETF approvals for ETH could come by the end of the year.

*This is not investment advice.