Investment Strategist Lyn Alden Calls Bitcoin Fastest Horse in Crypto Race

-Bitcoin will continue to be the dominant currency in the digital asset market and outpace its competition, according to highly respected equity research analyst and investment strategist Lyn Alden.
-Alden argues that Bitcoin’s greatest competition in the crypto race would come from central bank digital currencies (CBDCs).
-Alden, who provides equity research and investment strategies for clients, called the digitization of money “inevitable,” and said the primary question facing the market would be which asset becomes dominant.
-Alden noted that Bitcoin was the most likely candidate to overcome its shortcomings and be successful in the long term, including resisting the influence of government control.
-Despite calling Bitcoin the most dominant cryptoasset, Alden cautioned investors against allocating 100% of their portfolio to Bitcoin.
-Alden also highlighted Bitcoin’s legitimate use cases as an advantages over equities.