Bitcoin Will Reach $150,000: Expert

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Ric Edelman, the founder of Edelman Financial Engines, believes that by the summer of 2025, the price of Bitcoin could reach $150,000.

During an interview with CoinDesk, he made the prediction and attributed it potential drivers such as technology advancements and the approval of a spot Bitcoin ETF.

Furthermore, Edelman said that changes in the industry were being made to get rid of the “bad guys.”

Additionally, Edelman mentioned the growing interest from institutional investors and potential price increase due to the halving in April 2024.

Edelman Financial Engines currently manages $300 billion in assets. Meanwhile, BitMex co-founder Arthur Hayes suggested that Bitcoin could have a short-term sell-off and go below $20,000, however, another specialist revealed positive prospects for the cryptocurrency that oppose the Fed’s policy.