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coinpedia 2025-05-28 07:34:10

BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

The post BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference appeared first on Coinpedia Fintech News At the ongoing Bitcoin Conference 2025 in Las Vegas, a bold statement from one of Wall Street’s biggest names is making waves. Robert Mitchnick, Managing Director at BlackRock, said that Bitcoin offers “much higher upside than gold and lower downside,” strengthening the idea that Bitcoin is maturing as a mainstream investment asset. Bitcoin vs. Gold: Not a Zero-Sum Game Mitchnick made it clear that comparing Bitcoin and gold doesn’t have to be a competition. Instead, he sees both as strong assets that serve a similar purpose, helping investors hedge against traditional financial risks. Meanwhile, he described them as “different angles on a similar theme,” highlighting that both are scarce, decentralized, and not controlled by governments. JUST IN: $11.5 trillion BlackRock Managing Director said "Bitcoin has much higher upside than gold" pic.twitter.com/YTA5tFJxzX — Bitcoin Magazine (@BitcoinMagazine) May 27, 2025 While gold has been trusted for centuries and is less volatile, Bitcoin stands out as a digital-native asset fit for today’s fast-paced world. It’s cheaper to store, easy to transfer globally, and works efficiently within a tech-driven financial ecosystem. Digital Advantages Give Bitcoin the Edge Mitchnick noted Bitcoin’s modern advantages. Unlike gold, Bitcoin can be moved instantly across the world with nearly zero cost. These features make it highly attractive to both retail and institutional investors looking for quick and flexible alternatives to traditional safe-haven assets. That’s why he believes Bitcoin has greater upside potential and, surprisingly, less downside risk than many think. “Many investors are adding both to their portfolios,” he said, pointing out that allocation shifts like 80% gold and 20% Bitcoin or even 50-50 are becoming more common. Bitcoin Price Outlook Looking at the bitcoin price, it has dropped by almost 3% after reaching a new record high. Right now, Bitcoin is trading at about $109,000, and its total market value is at $2.16 trillion. There’s some interesting data from CoinGlass . It shows that a short squeeze could be coming. If Bitcoin goes above $115,000, more than $7 billion in short trades might be closed. This could make Bitcoin’s price jump even higher very quickly

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