Bitcoin

Spot

<a href="https://en.bitcoinhaber.net/the-art-of-timing-crypto-expert-michael-van-de-poppes-insights-for-sustained-success" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, recently experienced a price surge to $49,000 before dropping to $46,000, indicating high volatility that could deter certain investors, especially as retirement funds begin to index products to Bitcoin ETFs.
Ric Edelman, a prominent RIA executive, predicts that independent financial advisors will heavily invest in spot Bitcoin ETFs within the next two to three years, potentially leading to a $150 billion inflow, more than doubling the initial target of $70 billion and significantly increasing Bitcoin’s market value.
Research shows that 77% of independent advisors plan to allocate an average of 2.5% of their clients’ portfolios to spot Bitcoin ETFs, which could translate to about $154 billion based on the total $8 trillion assets under management by these advisors.
Edelman forecasts a bullish scenario for Bitcoin, suggesting its price could reach $150,000 within 24 months, a threefold increase from its current value, if institutional investors and retirement funds aggressively enter the market.
However, the adoption of these new ETFs will take time as firms need to integrate them into their platforms, compliance departments must develop policies for their use, and advisors require training on blockchain technology and investment strategies for Bitcoin.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-surge-and-the-anticipation-of-spot-etfs" rel="noopener noreferrer nofollow">Bitcoin’s Surge and the Anticipation of Spot ETFs</a></h5>

Bitcoin’s Surge and the Anticipation of Spot ETFs

BH NEWS

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