Financial advisor and bestselling author Ric Edelman reiterated on Monday that Bitcoin (CRYPTO: BTC) will hit $500,000 by 2030.
Bitcoin Long-Term’s Outlook is Bright?
During the Bitcoin Treasuries Conference, Edelman described Bitcoin as the “best-performing” asset since its inception and anticipated this trend to continue for the “foreseeable future.”
Bitcoin’s 13,611% gain over the last decade has dwarfed gold and the S&P 500 — though the gap has narrowed sharply in the past five years.
“I don’t really care about the four-year cycle very much. I’m looking at 2030 and 2035 more so than the next quarter,” Edelman said.
| Asset | 10-Year Gains +/- | 5-Year Gains +/- |
|---|---|---|
| Bitcoin | +13,611% | +96% |
| Gold |
+229% | +146% |
| S&P 500 | +255% | +78% |
The Case for Increasing BTC Allocation
Edelman then explained his prediction, noting that if global asset owners allocated just 1% of their portfolios to Bitcoin, the price could reach $500,000 by 2030.
He added that a 2% allocation would push the value to $1 million per coin.
Edelman recommended raising Bitcoin’s share in portfolios to at least 10% and as high as 40%, dismissing the typical 1%–2% allocation as “insufficient.”
Notably, BlackRock’s analysis found that allocating just 1% to 2% of a traditional 60/40 portfolio to Bitcoin, funded from equities, would have improved risk-adjusted returns.
Bitcoin Ready for Bull Market?
Edelman’s remarks come amid a flurry of Bitcoin predictions as the asset begins to rebound in a rough year.
Veteran trader Peter Brandt said Bitcoin could trade between $200,000 and $250,000 by early 2029, potentially rising to $600,000 by late 2029.
Hunter Biden predicted Bitcoin would grow to $220,000 by 2028.
Price Action: As of this writing, BTC is up 1,10% in the last 24 hours to $83,957, according to Benzinga Pro.
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