Top Wall Street adviser Ric Edelman explains why he is bullish on Bitcoin

posted 11 days ago
Ric Edelman, the legendary Wall Street investor, adviser and author, has invested in Bitwise Asset Management, the creator of the world’s first cryptocurrency index fund. He said the implications of cryptocurrency are far-reaching & that financial advisers must educate themselves about crypto and blockchain.

“I’m bullish on it because Bitcoin is now ten years old. It’s a $200 billion market in crypto total, Bitcoin is about 40% of that... Clearly, it’s here to stay.” Edelman Financial Services was recently named the number 1 registered investment advisor in the US by Barron’s. Edelman Financial Services has $22 billion in assets under management. Edelman will partner with Bitwise to help financial advisors understand blockchain and the crypto space. The influential adviser said cryptos are "a store of value" like gold, oil, and other natural resources and that “It is here to stay”. “The day will come – I’m convinced, when the SEC creates, or allows, a Bitcoin ETF. And that will change everything.”
Tags: opinion, blockchain, bitcoin, news