BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Lar...
Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are "here to stay."
Related News
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....
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment officer (CIO) and senior portfolio manager at Skybridge Capital, a $7.5 billion hedge fund, says gold is good but bitcoin is better, Bloomberg reported Sunday. He believes that both gold and bitcoin are likely to rally even as the Federal Reserve moves to taper asset purchases, elaborating:....
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025 through additional investment in BlackRock’s spot Bitcoin ETF. A recent filing with the US Securities and Exchange Commission (SEC) revealed that the fund added 491,439 shares of BlackRock’s iShares Bitcoin Trust (IBIT), raising its total holdings […]
Wyre CEO Michael Dunworth has stated that he believes Bitcoin “will replace gold” and the USD as the global reserve currency within 20 years. The chief of the Silicon Valley transfer provider made the comments as part of an interview with InvestorDaily. Among other surprises, Dunworth said that Bitcoin had “superior value” to gold and lacked only market penetration at the current time. Better store of value. “[Bitcoin] will replace gold, and internationally it will replace the USD as the global reserve currency – 20 years or so from now that is,” he told the publication. “Bitcoin has a....
Parsing the history of money, stock-to-flow ratio transaction costs and other critical metrics demonstrates that bitcoin will replace gold. The post Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold appeared first on Bitcoin Magazine.