“Bitcoin is here to stay” says  former BlackRock exec Ed Dowd – and he’s not wrong

Bitcoin Is ‘Here to Stay,’ Ex-BlackRock Investment Adviser Says – Better Than Gold?

“Edward Dowd, a former Blackrock executive and investment advisor, stated that while gold remains a viable investment, Bitcoin has a greater chance of succeeding as a form of wealth storage.

The most sought-after crypto asset, Bitcoin – according to Dowd – has a place in everyone’s portfolio and a great deal of potential because of its proven nature as a store of value.

During an appearance on Layah Heilpern’s podcast, Dowd emphasized that once BTC fully evolves, it would certainly surpass the yellow metal due to its unique characteristics, such as the capacity to be digitally exchanged.

Bitcoin Will Be Here For A Long Time
According to the former Blackrock top honcho, the crypto will continue to exist. It will be included in everyone’s portfolio. Bitcoin can at least be exchanged digitally, “whereas gold is considerably more difficult for me to sell. I have nothing against gold, and possessing some is not a bad notion.”

Bitcoin surpassed the $22,000 threshold on Tuesday, trading at $22,112, an increase of 11 percent over the past week, according to Coingecko data. So far, market watchers have seen an escalation of selling as purchasers have pushed the price towards the $23,000 range.

In addition, Dowd believed that BTC’s growth would be determined by essential characteristics of the currency that would make it superior to cash issued by central banks.”

https://bitcoinist.com/bitcoin-is-here-to-stay/