The king of cryptocurrencies is celebrating its arrival on Wall Street, which is why it surged to $49,000 and then dropped to $46,000. For traders addicted to volatility, this is not surprising, but if retirement funds begin offering products indexed to these ETFs, investors of a particular age bracket may experience insomnia and lose interest in Bitcoin.

Predictions After Spot Bitcoin ETF

“Our research shows that 77% of independent advisors plan to allocate an average of 2.5% of their clients’ portfolios to spot Bitcoin ETFs.”

Around $8 trillion in total, or $154 billion when divided by two, is managed by independent advisors. We have been stating for weeks now, even in the initial minutes of today’s live show, that qualified investors would be happy to put a modest portion of their portfolios here. In the long run, this alone might cause the price of Bitcoin to rise dramatically.

How Much Will Bitcoin Be Worth?

In a bold forecast spanning 24 months, Edelman claims that the price of Bitcoin would hit $150,00. If institutional investors and retirement funds flood the market, this prediction—which would mean a threefold gain from the current price—might not be overstated.

“The flow of assets will take time. Firms need time to place these new ETFs on their platforms, and compliance departments need to create policies that govern their use. All advisors need training because most are not familiar with blockchain technology and do not know how to explain Bitcoin to their clients.”

Edelman founded the Digital Assets Council of Financial Professionals in 2015 to educate advisors about crypto.

“Advisors will also need time to overcome big tactical questions. They must determine which clients should invest in these ETFs and identify the best allocation for them. Advisors need to decide how they will communicate their recommendations to their clients.”