Ric Edelman Sees Bitcoin at $500,000 by 2030, Comparing It to Amazon in 1999
- —Edelman forecasts BTC at $500,000 by 2030
- —The forecast assumes a ~1% bitcoin allocation in global portfolios
- —At the time of the statement, BTC was worth about $76,522
- —A rise to $500,000 would mean more than 550% from the current price
Why it matters: Forecasts from major advisors support the institutional adoption narrative for bitcoin, but do not directly change the market situation.
Source: Cryptonews.net