Bitcoin at $100K Post-Trump Win: Edelman Analysis

Crypto expert Ric Edelman says the post-election bitcoin rally is the start of a crypto market transition.

TwitterTwitterTwitter
Jeff_Benjamin
|
Wealth Management Editor
|
Reviewed by: Ron Day
,
Edited by: Kiran Aditham

In a conversation with etf.com wealth management editor Jeff Benjamin, Ric Edelman, the founder of the Digital Asset Council of Financial Professionals, says the 40% bitcoin rally is a direct result of the reelection of Donald Trump.

From here, Edelman says the cryptocurrency will remain volatile, but that investors should expect changes under a Trump presidency that will favor crypto investing, including turnover at the top of the Securities and Exchange Commission. Watch the full conversation below: 

Jeff Benjamin is the wealth management editor at etf.com, responsible for coverage related to the financial planning industry. This includes writing, hosting podcasts, webinars, video interviews and presenting at in-person events.


Jeff is a veteran journalist with more than 30 years’ experience covering the financial markets. He has won more than two dozen national and regional awards for his reporting. He most recently worked as a senior columnist at InvestmentNews where he wrote about investment products and strategies, as well as the broader financial planning industry. Prior to that, Jeff worked as an analyst at Cerulli Associates where he researched and wrote reports on the alternative investments industry. Jeff also worked as a money management reporter at Dow Jones Newswires, where he covered the mutual fund industry.


Based in North Carolina, Jeff is a former Marine and has a bachelor’s degree in journalism from Central Michigan University.