While numerous people were given up on the Bitcoin and general crypto industry, Edward Dowd, the former Managing Director at BlackRock had another view entirely.
Despite the recent decline of the crypto market which created a lot of grim future for the asset class and even its end has not shaken a dime in the heart of the former equity portfolio manager at BlackRock, Edward Dowd.
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He once said that Bitcoin will be a much more stable asset once the bear market is over. He also tagged the biggest crypto “the Amazon of the crypto era,” predicting it will hold a spot in everyone’s portfolio in the future.
Edward gave a reassuring statement about Bitcoin that the robust cryptocurrencies will survive the turbulence, while meaningless projects will capitulate. Bitcoin’s underlying technology, transparency, and the freedom it provides will undoubtedly help the asset overcome the issues.
Current CEO At BlackRock Has A Growing Belief In Crypto
Recall, earlier this year, Larry Fink, and current CEO of BlackRock gave his two cents on the crypto assets. Fink said that his multinational investment management corporation is actively “studying digital currencies, stablecoins, and the underlying technologies to understand how they can help us serve our clients.”
Fink’s belief in cryptocurrency is on the increase daily. For instance, in 2020, he said crypto would probably determine the superiority of the US dollar as the world’s reserve currency. He once tagged Bitcoin as an “index of money laundering” in 2017.
Michael Talks On The Popularity Of Bitcoin
Another Bitcoin strong proponent and CEO of MicroStrategy once tweeted, about the popularity of Bitcoin. He asked his follower if they know anyone at all that is ignorant of Bitcoin. Michael Saylor is the CEO of MicroStrategy, the company that has a strong love for Bitcoin and at the moment they are the biggest holder of Bitcoin in the world.
He added Bitcoin is over a decade now, when the coin came it was very unknown to many and the few people that ventured in are now multimillionaires.
At the moment Bitcoin’s price is recovering after a period of bearish in the general crypto industry.