BlackRock Executive Believes Bitcoin Price Could Rise ‘Significantly’
On Thursday Rick Rieder, CIO of BlackRock, said on CNBC’s Squawk Box that he owns Bitcoin and that he believes its price could go up “significantly” in the future.On Thursday Rick Rieder, CIO of BlackRock, said on CNBC’s Squawk Box that he owns Bitcoin and that he believes its price could go up “significantly” in the future. An executive at the world’s largest asset manager, boasting $9.49 trillion in assets under management, Rieder expanded on his thoughts about Bitcoin, describing it as an alternative currency whose future price movement is likely to be dictated by increased adoption.....
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The chief executive officer of the world’s largest asset manager, Blackrock, says he is “more on the Jamie Dimon camp” when asked whether he thinks bitcoin is worthless. However, the executive says he is fascinated by people’s interest in crypto and sees “a huge role for a digitized currency.”
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