Bitcoin is durable, says BlackRock's Rick Rieder
The chief investment officer seemed to be unmoved by Elon Musk's announcement yesterday, but still highlighted some challenges Bitcoin will likely face. Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment.In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had some hurdles to overcome like the public perception of its energy consumption and price volatility. Though not specifically mentioning Musk’s claims that the....
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Rick Rieder, a chief investment officer for major asset manager BlackRock, recently touted many positive attributes of bitcoin.
Blackrock’s Chief Investment Officer, Rick Rieder, said cryptocurrency, including bitcoin, “is here to stay.” In addition, he said bitcoin is a durable mechanism that could replace gold. Blackrock on Bitcoin and Gold Rick Rieder, Blackrock’s Chief Investment Officer (CIO) of Global Fixed Income, talked about bitcoin replacing gold in an interview with CNBC’s Squawk Box on Friday. Blackrock is the world’s largest asset manager, with more than $7.4 trillion in assets under management as of September. Rieder is also Blackrock’s Head of the Global....
“Holding some portion of what you hold in cash in things like crypto seems to make some sense to me," said Rick Rieder. Rick Rieder, chief investment officer at BlackRock Financial Management, hinted that the firm ha already invested a percentage of its portfolio into crypto.In an interview with CNBC’s Squawk Box on Wednesday, Rieder said BlackRock — with more than $8.6 trillion in assets under management — has "started to dabble a bit" into crypto investments. The chief investment officer described the volatility of cryptocurrencies like Bitcoin (BTC) as "extraordinary" but acknowledged....
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.
The chief investment officer of global fixed income at Blackrock, the world’s largest asset manager, says bitcoin and crypto are durable assets. “I think there’s a healthy recalibration going on,” he said, noting that “if you look two to three years hence, they will be higher than today.” Blackrock’s Executive on Bitcoin and Crypto Rick Rieder, chief investment officer (CIO) of global fixed income at Blackrock, shared his view on bitcoin and cryptocurrency in an interview with Yahoo Finance Live on Thursday. Blackrock is the world’s....