Ric Edelman, founder of the Digital Assets Council of Financial Professionals, explains why he thinks bitcoin (BTC) could reach $150,000 by the summer of 2025.
Yeah, when I said that that would represent a five X increase in Bitcoin in only about a two year period does sound ridiculously bullish. Although there are others even more bullish than me. There are a lot of reasons that I offer this. Number one, we are beginning to see a sea change while we've been in the crypto winter for far longer than any of us want. And we've had massive amounts of fraud and abuse and cc enforcement actions, many of which have been justified. We are also beginning to see the turnaround of this. We're getting rid of the bad boys of crypto. Those crypto bros need to be gone. Many of them are the few remaining will soon be gone. And we're beginning to see the continued development of the technology, the further integration, the adoption and engagement at the institutional level, pension funds and other major institutions, endowments and such all engaging in crypto. We also see the sec major lawsuits ripple unis and now most recently gray scale, we are also seeing that over the next six months, we're going to be facing the next Bitcoin having, which historically has always been extraordinarily bullish for the price of Bitcoin as the number of Bitcoin you earn as a miner gets cut in half that naturally calls for a price doubling for miners to keep their economic rewards intact. So all of these things are spelling really good news for crypto. Uh We're seeing legislation coming out of Congress. We're looking at stable coin adoption on a global basis. So all the signs are pointing really strong and if history is any guide as a result of the having by the summer of 25 I fully expect we'll see Bitcoin well into the low single digits. And even if I'm wrong and way wrong and Bitcoin merely doubles. Should me how any other investment has the potential of doing in the next 18 to 24 months? What crypto is the opportunity of doing? So it's a very exciting time for crypto. And that's why I wrote my white paper on what's happening with the ETF applications. Uh Why I wrote my book, The Truth About crypto and why we offer our certificate program so you can become certified in Blockchain and digital assets, all of that available at DFP dot com.