Bitcoin ETF coming, Famous investor, Ric Edelman about future of Cryptocurrencies

Ric Edelman, who is one of the most respected personal financial adviser in the US, mentioned during an interview with Real vision finance that Personal advisors in the USA are not fully aware of cryptocurrency potential yet.

Ric Edelman is the chairman and co-founder of Edelman Financial Services. He has written several personal finance books and leads a weekly personal finance talk radio show called The Ric Edelman Show. Edelman was ranked the Number 1 Independent Financial Advisor in the United States by Barron’s in 2009, 2010, 2012, and 2018.

Ric mentioned that most of the investors’ money is managed by financial advisors. Registered financial advisors just in the US manage more than 4 Trillion dollars. However, these financial advisors don`t really understand the worth of cryptocurrencies yet. But it`s changing really fast. Bitcoin and other crypto coins are becoming more and more popular, and when it becomes clear, that Digital assets such as BTC can bring much larger returns than regular investments, everyone will make it their rule of thumb that they should keep at least 5% of their portfolio in crypto assets. When this happens hundreds of billions will keep pouring into crypto assets, which means prices will go even further.

One more big event that will push Bitcoin`s and other digital assets price up significantly, will be the creation of Bitcoin ETF.  ETF`s (Exchange-traded Funds) are traded through brokerages like regular shares and stocks. The creation of a Cryptocurrency ETF means that all the investors who are using traditional brokerage accounts will get access to cryptocurrencies. Right now most wealthy retirees and other elderly investors don`t know how to create digital wallets, or how to buy, use, or keep safely their cryptocurrencies. ETF will make it easier for those millions of investors to start putting some of their money in cryptos, which means billions more should be flowing to cryptos, and guess what will happen to the price? Yap, you are right, it will go up!

During the interview, Ric says that he has met SEC regulators and that he thinks it is inevitable that they will in the end approve the Bitcoin ETF. He is afraid that before ETF is approved other people that buy-in early might benefit much more and that his elderly clients, who don`t know how to buy Bitcoin might be missing out and that people who invest early, will be benefiting from institutional money flowing in later on.

Ric himself has been researching Bitcoin and cryptocurrencies since 2014. He and his wife have been rising their exposure To Bitcoin and are invested in Ethereum as well. He mentions that he is invested in these 2 for entirely different reasons.

We as well, here at MostTraded, think that BTC and Ether, offer investors huge, but independent benefits. BTC as a digital gold-like asset, is becoming one of the best stores of value, and Ethereum and the huge team behind it are building up a new type of future money, that will be used globally, and that will be much better than regular currencies.

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If you would like to see the whole interview, you can watch it below:

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