Legendary Investor Ric Edelman Sees Bitcoin Reaching $500,000 by 2030

Veteran investor Ric Edelman believes Bitcoin could climb to $500,000 by 2030 on the back of a 1% capital allocation from global portfolios.

Bitcoin currently changes hands at $68,300, which means the asset would need to rise about 632% to hit the $500,000 target. Notably, such an increase would represent a 64% compound annual growth rate (CAGR) over four years for the premier crypto asset.

However, Edelman insisted that his $500,000 forecast was conservative. He pointed out that some analysts expect Bitcoin to reach $1 million, while others talk about prices between $2 million and $5 million. Compared to those projections, he says his own estimate is measured and realistic.

Key Points

• Legendary investor and innovator Ric Edelman believes Bitcoin could reach the $500,000 mark by 2030.
• With Bitcoin changing hands at $68,300, the crypto firstborn would need a 632% increase to reach $500,000.
• The projection suggests a 64% CAGR over four years for Bitcoin.
• Global assets total about $750 trillion, including $56 trillion in cash, and a 1% allocation could mean $7.5 trillion in Bitcoin inflows.
• While Edelman expects BTC to reach $500,000, some analysts predict $1 million, while others estimate $2 million to $5 million.
• Other industry leaders, such as Standard Chartered’s Geoff Kendrick and Anthony Scaramucci, also predict BTC to hit $500,000 by 2030.

The Math Behind the $500,000 Projection

Edelman made the prediction while speaking with Altcoin Daily’s Austin Arnold in a recent podcast episode. Notably, he stressed that while others have predicted higher targets such as $1 million and even $2 million, they often fail to present their reasoning.

Legendary Investor Ric Edelman: “I believe #bitcoin can reach $500,000 by 2030.” 🚀 pic.twitter.com/XNQFTbuA69

— Altcoin Daily (@AltcoinDaily) February 16, 2026

However, he based his own case on global asset allocation. Edelman argued that most investors around the world still do not own Bitcoin. As the crypto market matures, he expects higher participation from governments, sovereign wealth funds, pension funds, hedge funds, insurance companies, banks, and brokerages.

The market commentator then highlighted the scale of global wealth. According to him, stocks, bonds, real estate, gold, and cash together amount to roughly $750 trillion worldwide. Real estate alone stands at about three times the size of the stock market, and there is around $56 trillion in cash circulating across global currencies.

From here, he assumed that if investors with diversified portfolios allocate just 1% of their assets to Bitcoin, this would translate into approximately $7.5 trillion in inflows. When combined with Bitcoin’s existing market value, this level of demand could support a price near $500,000 per coin. 

Nonetheless, he cautioned that the journey would not move in a straight line from $70,000 to $500,000. Instead, he expects sharp swings and turbulence along the way, similar to what the market has already shown in recent months. Despite this, he remains confident that Bitcoin can reach $500,000 by 2030.

Why Allocation Size Matters

Edelman added that investor behavior already supports his idea. He said more investors are beginning to allocate to Bitcoin, and many are committing more than 1% of their portfolios. In fact, he noted that allocations closer to 5% are becoming common among adopters.

This higher allocation assumption helps explain why some market figures project much larger price targets. For instance, Strategy’s Michael Saylor has argued that Bitcoin could reach $5 million, a figure that assumes investors dedicate a much larger share of their portfolios than 1%. 

Edelman acknowledged that under those conditions, a $5 million valuation does not seem unreasonable. Still, he prefers to focus his forecast on $500,000.

Other Industry Leaders Targeting $500,000

Edelman is not the only one expecting Bitcoin to reach $500,000. Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, initially projected Bitcoin would reach $500,000 by 2028. However, last December, the bank revised its outlook and shifted the timeline to 2030, bringing it in line with Edelman’s view.

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has also suggested Bitcoin could rise to between $500,000 and $1 million during the current market cycle. While he did not attach a specific year to that forecast, he suggested it could materialize in this cycle.

In late August 2025, Anthony Scaramucci, founder of SkyBridge Capital, predicted Bitcoin could reach $500,000 within five to six years or around 2030 to 2031. However, he warned that the asset could drop as much as 40% before eventually climbing toward $500,000. 

At the time of his statement, Bitcoin traded at $108,000. Since the forecast, Bitcoin has fallen 36.7% from the $108,000 level.