Last updated on October 8, 2022 11:51 pm
Renowned financial advisor and best-selling author Rick Edelman says that nearly a third of Americans will buy bitcoin before the end of 2022.
Who is Ric Edelman?
In 1986, Rick Edelman and his wife Jean Edelman founded the financial planning and investment management firm Adele Financial Services. In 2018, Edelman Financial Service merged with another financial advisory firm, Financial Engines, to form Edelman Financial Engines.
In 2018, 2019, and 2020, Barron’s Edelman Financial Engine was awarded to the U.S. Named the Best Independent Consulting Firm in the World.
Edelman is also the founder of the RIA Digital Assets Council RIA Digital Assets Council (RIADAC), which aims to
“Financial advisors have the knowledge and skills necessary to provide their clients with accurate, relevant, timely and valuable advice regarding blockchain and digital assets.”
According to a report from Coin Telegraph , during an interview with CNBC’s “ETF Edge,” Edelman claimed that bitcoin was on its way to mainstream adoption among Americans and investors. He told the host of the show that already 24% of Americans own bitcoin and added that it is most likely to reach a third, or 33%, before the end of the calendar year.
Edelman said
Bitcoin is becoming more and more mainstream. People are hearing about it everywhere — it isn’t going away. Bitcoin is getting more and more mainstream. People are hearing about it everywhere – it’s not going anywhere.
Edelman, a longtime bitcoin bull, and author of the soon-to-be-released book, “The Truth About Crypto,” claimed that bitcoin is promoted by corporations, foundations, and pension funds as “major institutional Participation” is being observed.
https://www.youtube.com/embed/3z_sdG4lrjQ?feature=oembedLegendary Financial Advisor Predicts One Third of Americans Will Buy Bitcoin in 2022
Edelman also predicted that a bitcoin-based exchange-traded fund would make its way to investors in 2022. The top financial advisor explained that he has been predicting bitcoin ETFs for seven years,
“One day I will be proved right.”
Edelman argued that the US Securities and Exchange Commission (SEC) was looking for excuses to say no to bitcoin ETFs, but the maturity of the market and innovation in the sector has addressed the SEC’s hesitation and prompted steps toward approval. .
Edelman said:
One of the major concerns they raised, which Chairman Gensler has raised, is that they cannot adequately control it. Well, they can’t even control gold or oil .
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