BlackRock Chief Investment Officer Rick Rieder Thinks Bitcoin Is Durable
Rick Rieder, a chief investment officer for major asset manager BlackRock, recently touted many positive attributes of bitcoin.Rick Rieder, BlackRock's chief investment officer of global fixed income and head of the global allocation team, recently made notably positive comments regarding Bitcoin during an appearance on CNBC's “Squawk Box.”"Bitcoin is an interesting asset," said Rieder. "I think it's durable. I think it will be part of the investment arena for years to come."Rieder was asked his opinion on Bitcoin in light of Elon Musk's recent announcement that Tesla will be halting....
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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 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....
“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....
The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he said.
Blackrock CIO Sees Significant Upside to Bitcoin
Rick Rieder, Blackrock’s chief investment officer (CIO) of Global Fixed Income, was asked Friday in an interview with CNBC about his view on bitcoin now that the cryptocurrency is legal tender in a country.
Blackrock is the world’s largest asset manager, with about $9.5 trillion in assets....
Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are "here to stay."