Bitcoin To $1 Million? Ric Edelman Says A 2% Global Allocation Could Get BTC There

• Ric Edelman said Bitcoin could reach $1 million if global investors allocated 2% of their assets to it.

• He said a 1% global allocation could push Bitcoin to a $500,000 target, which he shared with Strive CEO Matt Cole.

• He urged advisors to focus on Bitcoin's potential portfolio diversification benefits rather than just its price appreciation.

Bitcoin (BTC) could reach $1 million if investors worldwide allocated just 2% of their assets to the cryptocurrency, Edelman Financial Engines founder Ric Edelman said, adding that broader adoption could drive significant upside.

Speaking on the Bitcoin Treasuries panel on Tuesday, Edelman said, "If the world that owns all of those assets just allocates 1% of their portfolio to Bitcoin, that's $500,000. If the world owns 2%, then it's a million."

See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox

Edelman said his outlook included the combined value of global assets, including stocks, bonds, real estate, gold, and oil. He emphasized that his investment horizon extended from 2030 to 2035, rather than focusing on Bitcoin's quarterly performance.

Edelman Questions Slow Bitcoin Adoption