Legendary Financial Advisor Predicts One-Third of Americans Will Buy Bitcoin in 2022

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Legendary financial advisor and best-selling author Eric Edelman says about a third of Americans will buy Bitcoin by the end of 2022.

In 1986, Ric Edelman and his wife Jean Edelman founded the financial planning and investment management company Edel Financial Services. In 2018, Edelman Financial Service merged with fellow financial advisory firm Financial Engines to form Edelman Financial Engines. In 2018, 2019 and 2020, Barron’s named Edelman Financial Engines the best independent consulting firm in the United States

Edelman is also the founder of RIA Digital Asset Council (RIADAC), whose goal is to empower “financial advisors with the knowledge and skills they need to provide their clients with accurate, relevant, timely, and valuable advice on blockchain and digital assets.”

According to a report Per Cointelegraph, during an interview with CNBC’s “ETF Edge,” Edelman claimed that Bitcoin is on its way to mainstream adoption among Americans and investors. He told the show host that already 24% of Americans own Bitcoin and said it wouldn’t be “very difficult to get to a third” before the end of the calendar year.

Edelman said:

Bitcoin is becoming more mainstream. People hear about it everywhere — it’s not going away.

Edelman, a longtime Bitcoin bull and author of the soon-to-be-released book “The Truth About Crypto,” claimed that Bitcoin sees “major institutional involvement,” in the form of corporations, foundations, and pension funds.




Edelman also predicted that a Bitcoin-based exchange-traded fund would likely make its way to investors in 2022, if not next year. The top financial advisor explained that he’s been predicting a Bitcoin ETF for seven years now, saying “one day I’ll be right.”

Edelman argued that the U.S. Securities and Exchange Commission (SEC) ran out of excuses to say no to a Bitcoin ETF, and that market maturity and innovation in the field answered many of the hesitations of the SEC regarding approval.

Edelman noted:

One of the big concerns that they’ve raised, that President Gensler has raised, is that they can’t control it well enough. Well, they can’t control gold or oil either.

Warning

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto-assets involves the risk of financial loss.

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