Bitcoin bull and Edelman Financial Engines founder Ric Edelman has made some encouraging forecasts about the future of the seminal virtual assets.
In a recent interview on CNBC program ‘ETF Edge’, Edelman mentioned,
“We’re already at a quarter of that number with 24% of Americans owning Bitcoin. It won’t be that much of a stretch for it to get to one-third. Bitcoin is becoming more and more mainstream. People are hearing about it everywhere — it isn’t going away.”
In a follow-up interview with CNBC, he lamented that while he has forecasted a BTC spot ETF for the past 7 years, he’s certain that by 2023, there will have been spot ETF approval.
Akin to United States SEC Commissioner Hester Peirce’s perception on the matter, Edelman articulates that the Securities and Exchange Commission is running out of excuses to say no.
“A lot of the concerns the SEC has have been resolved by the industry through their own maturity, innovation and development. I am confident that we will see the SEC say yes because there is no legitimate reason for them not to.”
ETF conjecture aside, Edelman is clairvoyant about the triteness of Satoshi Nakamoto’s invention in the future. He summed it up briefly, mentioning BTC is going to be as common in the next couple of years as any other portion of a portfolio.
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