Crypto

Veteran investor Rick Edelman says bitcoin could hit $500,000 by 2030

Veteran investor Rick Edelman said bitcoin is likely to reach $500,000 by 2030. He said the estimate is conservative, noting some experts see prices rising above $1 million. Edelman argued most investors still do not hold bitcoin and that participation by governments, sovereign wealth funds and other institutions will increase as the crypto market matures. He said a 1 percent allocation from global assets could lift bitcoin to $500,000.

Crypto

Ray Dalio warns of world order collapse; can bitcoin emerge as a neutral currency?

Bridgewater Associates founder Ray Dalio says the order built after World War Two has officially collapsed and a era has arrived in which power replaces rules. Cointelegraph reported that he sees major powers trapped in a prisoner’s dilemma across trade, technology, capital flows and military conflict, creating conditions that could trigger foolish wars. It said he also pointed to rising domestic turmoil and the appeal of bitcoin and gold.