Bitcoin

Billion

Spot

Ric Edelman, founder of the largest Registered Investment Advisor (RIA) in the US, made a bold prediction about the future of Bitcoin ETFs.
Edelman believes independent financial advisors will invest $150 billion in spot Bitcoin ETFs over the next two to three years, making these ETFs the most successful launch in ETF history.
“Our research shows that 77% of independent advisors plan to allocate an average of 2.5% of their clients’ portfolios to spot Bitcoin ETFs,” Edelman said. Considering that independent registered investment advisors collectively manage $8 trillion, this could mean a staggering $154 billion in investments.
Edelman also predicts that Bitcoin's price will reach $150,000 within two years, nearly 3 times its current price. However, he urges advisors to temper their excitement, as flows into new ETFs and increases in Bitcoin's price will not happen immediately:
<blockquote>
 “It will take time for asset flows to materialize. Firms need time to deploy these new ETFs on their platforms, and compliance departments need to create policies governing their use. Advisors all need training because most are not familiar with blockchain technology and do not know how to explain Bitcoin to clients.”
</blockquote>
Related News: <a href="https://en.bitcoinsistemi.com/breaking-bitcoin-spot-etfs-started-trading-total-trading-volume-exceeds-1-billion-in-five-minutes/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Bitcoin Spot ETFs Started Trading - Total Trading Volume Exceeds $1 Billion in Five Minutes</a>
To solve this problem, Edelman founded the Digital Assets Council of Financial Professionals (DACFP) in 2015 to educate advisors on cryptocurrency. “Advisers will also need time to tackle the big tactical questions,” Edelman added:
“Advisers must determine which of their clients should invest in these ETFs and determine the best allocation for them. Advisors need to decide how to communicate their advice to their clients.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/largest-us-investment-advisory-firm-says-150-billion-will-go-into-bitcoin-spot-etfs-reveals-two-year-price-target-for-btc/" rel="noopener noreferrer nofollow">Largest US Investment Advisory Firm Says $150 Billion Will Go Into Bitcoin Spot ETFs, Reveals Two-Year Price Target for BTC</a>

Largest US Investment Advisory Firm Says $150 Billion Will Go Into Bitcoin Spot ETFs, Reveals Two-Year Price Target for BTC

Bitcoin Sistemi EN

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