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Legendary Investor predicts One-Third of US citizens will buy Bitcoin in 2022

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  • Ric Edelman predicts one-third of Americans will hold & store Bitcoin by the end of 2022. 
  • 24% of Americans have already bought Bitcoin in some form. 
  •  Edelman states that the SEC is running out of ways to object to Bitcoin ETFs. 

It’s the beginning of the year, where most analysts & enthusiasts are shedding out their valuable insights of their favorite token, Bitcoin & how it would perform during the financial year of 2022-23. Recently, the founder of Edel Financial Services, Ric Edelman in an interview with CNBCs “ETF Edge” sighted his bullish opinions on Bitcoin & its ETFs. 

In the show, while promoting his launch of new & upcoming book, “The truth about crypto”, Edelman stated that about one third (33%) of Americans would hold & store Bitcoin while 24% of Americans had already bought the token. He further stated that BTC was getting more mainstream while people are hearing about it everywhere and the trend wasn’t fading at all, if only increasing in popularity.

Apart from his financial services company, Ric Edelman is also the founder of Registered Investment Advisor Digital Assets Council (RIADAC) which has the objectives of share knowledge & skills to investors in regards to blockchains & other digital assets which helps them to provide their clients with valuable, timely & accurate advice. 

As the show was in regards to ETFs, Edelman first mentioned that Bitcoin was beginning to see major institutional participation from various corporations, foundations etc. However Edelman had been predicting a Bitcoin ETF from the past 7 years while also stating that if not 2022, at least 2023 would see the launch of many more ETFs.  

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Ric Edelman further stated that the U.S Securities & Exchange Commission (SEC) was running out of reasons to object to ETFs for Bitcoin while pointing out the innovations & markets have all addressed SECs hesitations surrounding the approval of ETFs. Edelman also reverted back to one of the concerns raised by SEC Gary Gensler, where he believed cryptos cannot be controlled to which Edelman pointed out that SEC couldn’t either control gold or oil.   

About Edel Financial Services, it was founded by Ric Edelman & his wife, Jean Edelman to provide planning & investment services back in 1986. However, it was later merged with another financial advisory firm, Financial Engines which later turned out to be Edelman Financial Engines. Consistently from 2018-2020, Edelman Financial services has been awarded as the best independent advisory firm in the United States.  

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