Ric Edelman, founder of Edelman Financial Engines and Bitcoin bull, has made some optimistic predictions about the future.
Edelman stated these words in a Monday interview on CNBC’s ETF Edge.
We’re already at 25% of that with 24% of Americans having Bitcoin. It’s not difficult for it to reach one-third. Bitcoin is becoming more mainstream. It is becoming more mainstream.
Although 2022 is off to a rough start, he believes that governments, corporations and foundations are now investing in Bitcoin.
Edelman, the author of The Truth About Crypto (which will soon be released), is a long-standing proponent of crypto. He described Bitcoin in 2019 as the first “genuinely novel asset class” in 150-years, and he recommended to investors that they invest in the orange coin back in December 2018.
He spoke out on Tuesday to CNBC in a follow-up interview. He said that while he had predicted the creation of a Bitcoin spot-exchange-traded fund (ETF), he is convinced that there will be an approval for spot ETFs by 2023.
Edelman echoes Hester Peirce, United States Securities and Exchange Commissioner on the subject. He states that the SEC has run out of excuses not to say no.
“Most of the concerns that the SEC had are resolved by the industry’s maturity, innovation, and development. Because there is no reason to, I’m confident that the SEC will say yes.
Matthew Hougan was Bitwise Asset Management’s chief investment officer. He agreed to meet with him again in the second interview.
Related: Crypto mainstream adoption: Are we there already? Experts respond, Part 1.
Hougan stated that investors would have greater protections and that the product would be better because of the “cumulative weight” of the evidence. The SEC-run ETF will provide consumer protection. This is the cherry on top to a great product.
Edelman is not only a clairvoyant about ETF speculation, but he also sees the potential banality of Satoshi Nakamoto’s invention in the near future. He summarized the situation succinctly by saying that Bitcoin will “be as common in a couple of years than any other part of a portfolio.”