By the summer of 2025, digital gold will have risen to $150,000. This forecast, in an interview CoinDesk was presented by Rick Edelman, founder of Edelman Financial Engines.
According to him, the crypto winter has stretched longer than most investors expected.
The situation is starting to change, and by the summer of 2025 the price of digital gold could reach $150,000. The drivers could be the advancement of technology and the likely approval of a spot Bitcoin ETF, explained Edelman.
“We see radical changes. We are getting rid of the ‘bad actors’, ‘cleaning’ up the industry,” he said.
The specialist noted growing institutional interest in the leading cryptocurrency. In this context, he cited a wave of applications to launch exchange-traded funds based on digital gold.
Edelman also mentioned the upcoming halving in April 2024 as a factor in expected price growth, recalling the positive reaction to similar events in 2012, 2016 and 2020.
Edelman Financial Engines manages assets of $300 billion.
Earlier, BitMEX co-founder Arthur Hayes allowed for a possible brief dip of Bitcoin below $20,000 followed by a new bullish impulse.
Recently the specialist pointed to positive prospects for the first cryptocurrency despite the policy of the Federal Reserve System the Fed.