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Bitcoin (BTC) proponent and founder of Edelman Financial Engines Rick Edelman has made some promising predictions about the future of the main cryptocurrency.
We are already in a quarter of that number: 24% of Americans own bitcoins. Getting to one third won’t be that hard. Bitcoin is becoming more and more popular. People hear about him all over the place, he is not going anywhere, – Edelman said in an interview with CNBC.
Although the beginning of 2022 was not easy, according to the expert, governments, corporations and pension funds are investing in bitcoin, and institutional participation is quite serious.
As the author of the upcoming book The Truth About Cryptocurrencies, Edelman considers himself a longtime supporter of cryptocurrencies. In 2019, he described Bitcoin as the first truly new asset class in 150 years, and in December 2018, he recommended that investors buy digital gold.
Speaking on CNBC, the top manager lamented that he predicted the launch of a spot exchange-traded bitcoin fund (ETF) over the past seven years, but this did not happen. However, he is convinced that the product will still be approved by 2023.
Like the US Securities and Exchange Commissioner Hester Pierce, who is affectionately referred to as a crypomama, Edelman believes the SEC is running out of arguments to refuse:
Many of the problems the SEC faced have been resolved by the industry through its own maturity, innovation and development. I’m sure we SEC will say yes, because nothing else will be left.
#Americans #buy #bitcoin
