Ric Edelman, founder of the Digital Assets Council of Financial Professionals, shared his bullish predictions for Bitcoin.
Edelman said he believes Bitcoin could reach $150,000 by the summer of 2025 and cited several factors that could fuel growth.
Edelman also noted that the crypto industry is undergoing a shift as it matures and adjusts its behavior. He stated that many of the “bad boys” and “crypto bros” who engage in fraud and bad acts have been eliminated by regulatory actions and market forces.
He added that this will make cryptocurrencies more attractive for both institutional and individual investors.
Another factor Edelman mentioned was the Bitcoin halving, which is expected to occur in about six months. Edelman argued that Bitcoin's halving will come within 6 months and that this has historically been extremely bullish.
The famous manager is the founder of the finance company Edelman Financial Engines, which manages a total of $291 billion in assets.
At the time of this writing, BTC price is trading at $25,719 and has lost approximately 10% of its value in the last month.
*This is not investment advice.