Bitcoin adoption rates have skyrocketed over the past two years. However, the figure is still from maturity. Many people believe that Bitcoin has not even reached half of its potential. Another group of experts believes that adoption rates will shoot up once all regulatory confusions are taken care of. According to the founder of Edelman Financial Engines Ric Edelman, the number of Americans using Bitcoin will increase drastically in 2022. Edelman gives a few reasons to back up his claim. Firstly, the regulatory landscape in the United States is expected to mature in 2022. When that happens, people will feel more comfortable investing and trading in crypto. That would also bring in institutional players to the game. With big institutions coming to the Bitcoin space, it will only be a matter of time before adoption rates increase.
Edelman gives a precise number to his predictions: he believes that two-thirds of all citizens of the United States will own Bitcoin by the end of 2022. However, he has not specified anything about the amount of Bitcoin that people would buy on average. At the same time, he has not spoken about altcoins like Ethereum that have been more impressive than Bitcoin in 2021. Nonetheless, Edelman’s comments are bound to have an effect on his followers and admirers. It would not be wrong to expect many people to take Bitcoin more seriously following the comments from Ric Edelman. The year 2022 is definitely going to see a phenomenal rise in Bitcoin usage.
